Lone Star Company is a calendar$-$year corporation, and this year Lone Star reported $$104,000$ in current E&P that cfccrued evenly throughout the year. At the beginning of the year, Lone Star's accumulated E&P was $$12,480.$ Lone Star declared $$31,200$ in cash distributions on each of the following dates: April $1,$ July $1,$ October $1,$ and December $31.$

Note: Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign.

b$.$ Suppose that Matt owned all Lone Star's shares at the beginning of the year and sold half of the shares to Chris on June $1^{st}$ for $$41,600.$ How much dividend income will Matt recognize this year?

Answer is complete but not entirely correct.

Dividend recognized

$ $166,400x$