Please help asap

The following information is available for Oriole Inc., a company whose shares are traded on the Toronto Stock Exchange:

Net income for 2023		$149,000
Average market price of common shares during 2023 (adjusted for stock dividend)		$18
December 31, 2023 (fiscal year end) market price of common shares		$18
Income tax rate for fiscal year 2023		30	%

Transactions in common shares during 2023:		Change			Cumulative shares
Jan. 1, 2023, common shares outstanding					70,200
Mar. 1, 2023, issuance of common shares		10,200			80,400
June 1, 2023, 10% stock dividend		8,040			88,440
Nov. 1, 2023, repurchase of common shares		(10,200	)		78,240

Other information:

1.		For all of the fiscal year 2023, $110,000 of 6% cumulative convertible bonds have been outstanding. The bonds were issued at par and are convertible into a total of 10,400 common shares (adjusted for the stock dividend), at the option of the holder, at any time after issuance.
2.		Call stock options for 20,600 common shares have been outstanding for the entire 2023 fiscal year and are exercisable at the option price of $23 per share (adjusted for the stock dividend).
3.		For all of the fiscal year 2023, $110,000 of 4% cumulative convertible preferred shares have been outstanding. The preferred shares are convertible into a total of 15,600 common shares (adjusted for the stock dividend) at the option of the holder at any time after January 2028.

(b1)

Calculate the income effect of the dividends on preferred shares.

Dividends on preferred shares

$enter the income effect of the dividends on preferred shares in dollars