Lone Star Company is a calendar-year corporation, and this year Lone Star reported $185,000 in current E&P that accrued evenly throughout the year. At the beginning of the year, Lone Star's accumulated E&P was $22,200. At the beginning of the year, Lone Star's sole shareholder was Matt. Lone Star declared $55,500 in cash distributions on each of the following dates: March 31, June 30, September 30, 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 sold half of the shares to Chris on June 1st for $48,500. How much dividend income will Matt recognize this year?