In $2017,$ Ejvind purchased $2,000$ shares in XYZ Inc. for $$20,000.$ In $2018,$ he decided it would be more beneficial if his wife, Josefine, owned the shares and put them in her name. At that time, the shares were worth $$22,000$ but Josefine did not pay anything for them, and they did not make any special elections with respect to the transfer. In $2023,$ Josefine sold the shares for $$25,000.$ The shares also paid dividends of $$1,000$ in $2023.$

How much of the dividend income must Ejvind report on his $2023$ return?

$$500$

Nil

$$1,000$