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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 $7,000$ shares of common stock for cash at $$30$ per share.

b$.$ Issued $3,000$ shares of common stock for cash at $$33$ per share.

$4.$ Incentive Corporation has $$40,000$ in the company's bank account. At year$-$end, the accounts reflected a profit of $$200.$ What is the maximum amount of cash dividends the company can declare and distribute?

Maximum amount of cash dividends