On January $1,2022$ Bernard borrowed $$5,000$ by signing a $1-$year note payable at $6\%$ interest. He used the money to purchase $2,000$ common shares of Import Ltd$.,$ a Canadian public corporation for $$2\mathrm{.}50$ per share. In $2022$ Import Ltd$.$ paid eligible dividends of $$0\mathrm{.}35$ per share. On January $1,2023$ Bernard repaid the $$5,000$ he borrowed plus $$300$ in interest. Bernard's $2022$ income from property will be:

a$.$

$$966.$

b$.$

$$400.$

c$.$

$$666.$ how we calculate it: where do we take $138\%?$

Property Income of $$666($$$966*-300).$

$*$Dividend Income $(2,000\backslash$times $$0\mathrm{.}35)=$ $$700\backslash$times $138\%=$ $$966.$ The accrued interest to the end of $2022$ is deductible in $2022.$

d$.$

$$700.$