ay 1, you sold short four round lots (i.e., 400 shares) of Zenith stock at $29 per share. On July 1, a dividend of $1.00 per share was paid. On August 1, you covered the short sale by buying the stock at a price of $26 per share. You paid 200 cents per share in commissions for each transaction.
What is the value of your account on August 1?