ABC Ltd. is a CCPC with a December 31 year end. For the 2021 taxation year, it has taxable income, before consideration of dividends or salary paid to its sole shareholder, of $325,000. All of this income is from an active business. Its available cash balance is also equal to $325,000. Mr. A is the only shareholder of ABC Ltd. His only income is either salary or dividends from ABC Ltd and he has tax credits of $4,550. In his province of residence, assume: The corporate tax rate is 3% on income eligible for the small business deduction and 13% on other corporate income. Personal provincial income tax payable on the first $216,511 is $27,000. The rate on additional amounts is 18%. The provincial dividend tax credit is 25% of the dividend gross up for non-eligible dividends. Note: Federal income tax payable on Taxable income up to $216,511 is $50,141. The rate on additional amounts is 33%. READ THE INSTRUCTIONS VERY CAREFULLY. IF A NUMERICAL ANSWER IS REQUIRED, ENTER YOUR INPUT AS A WHOLE POSITIVE NUMBER. IF YOUR ANSWER IS NIL, WRITE "0" OR "NIL" WITHOUT ANY SIGNS. Required: Determine the following amounts: Salary option - If the maximum salary is paid by the corporation out of the available cash of $325,000: What is Mr. As Personal tax payable? Ignore CPP contributions and the Canada employment tax credit.... What is the amount of after tax cash that Mr. A will retain?............................................................................. Dividend option - If the maximum dividend is paid by the corporation out of the available cash of $325,000: What is the amount of funds available for dividends (i.e., after corporate taxes)?......................................... What is the taxable dividends amount in Mr. As hands?................................................................................ What is Mr. As Personal tax payable (i.e., after credits available for him)?.................................................... What is the amount of after tax cash that Mr. A will retain?............................................................................. Based on the above analysis, which option would be preferred by Mr. A?..................................................... Indicate Salary or Dividend only. Do not add any signs in your input.