Question: How to solve this question to get the correct answer which is $666? On January 1, 2022 Bernard borrowed $5,000 by signing a 1-year note

How to solve this question to get the correct answer which is $666?

On January 1, 2022 Bernard borrowed $5,000 by signing a 1-year note payable at 6% interest. He used the money to purchase 2,000 common shares of Import Lid. a Canadian public corporation for $2.50 per share. In 2022 Import Lid. paid eligible dividends of $0.35 per share. On January 1, 2023 Bernard repaid the $5,000 he borrowed plus $300 in interest What is Bernard's 2022 income from property? O A. $700 OB. $966 O C. $666 X OD. $400 That's incorrect. Correct answer: C Your answer. D Try again Next question Clear all Final check

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