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31. Parking Unlimited Ltd.'s financial situation last year may be summarized as follows: Rental income $75,000 Depreciation on real property 20,000 Property taxes 7,000 Mortgage

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31. Parking Unlimited Ltd.'s financial situation last year may be summarized as follows: Rental income $75,000 Depreciation on real property 20,000 Property taxes 7,000 Mortgage interest 19,000 Miscellaneous expenses 12,000 Dividend revenue 11,000 Interest income 4,000 Section 1231 gain 200,000 a. Is Parking Unlimited a PHC? b. Is the 50 percent test met? c. How much must be paid in dividends, if any to avoid PHC tax

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