22. M&M Ltd. is a Canadian controlled private corporation. It does not hold any investments that pay dividends. Its refundable dividend tax on hand (RDTOH) account at December 31, 2017 was $70,000. For its 2018 taxation year, its refundable portion of Part | tax was $46,000. M&M Ltd. paid taxable dividends of $120,000 in 2017 and $150,000 in 2018. The balance in M&M Ltd.'s RDTOH account at December 31, 2018 is: A. $66,000 B. $70,000 C. $70,004 D. $ 116,000