ABC Ltd. is winding up its operations. The Company has sold all of its assets and paid all of its liabilities, leaving a cash balance of $860,000. Since beginning operations, the Company has had a single shareholder who invested $100,000 to acquire all of its shares. The $100,000 is both the PUC and the adjusted cost base of the shares. All of the cash balance will be distributed to this shareholder. As the Company has a $40,000 balance in its capital dividend account, this amount will be treated as an ITA 83(2) capital dividend. What are the tax consequences of distributing the $860,000 to the corporation's only shareholder?

Complete the following requirements:

Round your answers to the nearest dollar amount. Do not input any signs. If your answer is zero, enter a number "0" or none.

1. ITA 84(2) Deemed Dividend........

2. ITA 83(2) Capital Dividend...........

3. ITA 88(2) Wind-up Dividend (before Gross-up application)........

4. Capital Gain...........