Opus Limited is a Canadian controlled private corporation. During 2019, the company received the following dividends: 

12 Dividends on Portfolio Investments $ 35,000 

Dividends from Magnum inc. (100% 45.000 55.000  

Dividends from Masterpiece Ltd. (100%)($100,00011 401000 

Opus owns 100% of the shares of Man of the shares of Masterpiece Ltd. Masterpiece received dividend refund of $10,000 on its dividend payment, warum received a dividend refund of $15,000 

Determine the amount of Part IV Tax payable by Optimited to the current year. 

$29,417 

$38,417 

$32,417. 

$49,833