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Lone Star Company is a calendar$-$year corporation, and this year Lone Star reported $$148,000$ in current E&P that accrued evenly throughout the year. At the beginning of the year, Lone Star's accumulated E&P was $$17,760.$ Lone Star declared $$44,400$ 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 $$59,200.$ How much dividend income will Matt recognize this year?

Dividend recognized