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Incentive Corporation was authorized to issue $12,000$ shares of common stock, each with a $$2$ par value. During its first

year, the following selected transactions were completed:

a$.$ Issued $6,900$ shares of common stock for cash at $$29$ per share.

b$.$ Issued $2,900$ shares of common stock for cash at $$32$ per share.

Incentive Corporation has $$39,000$ in the company's bank account. At year$-$end, the accounts reflected a profit of $$100.$ What is the

maximum amount of cash dividends the company can declare and distribute?