XYZ Ltd has investment opportunities of $1,400,000, expects the level of retained earnings next year to be $1648556 and wishes to maintain its optimal debt ratio of 22% without issuing new ordinary shares. Calculate the expected amount of the dividend, if any, that XYZ will pay to ordinary shareholders if they follow a residual dividend policy. Please round your answer to the nearest dollar but exclude $ and , when typing your answer (i.e. enter $1,120.80 as 1121).