Jakobs Ltd. buys 2,400 of the 100,000 shares of Melloch Inc., paying $36.50 per share. Suppose Melloch distributes a 5 percent stock dividend. Later the same year, Jakobs Ltd. sells the Melloch shares for $28.50 per share. Disregard commissions on the purchase and sale. 1. Compute Jakobs Ltd.'s new cost per share after receiving the stock dividend. 2. Compute Jakobs Ltd.'s gain or loss on the sale of this long-term investment