Assume a corporation winds up its operations and is left with cash on hand of $1,500,000 to distribute to shareholders. The corporation has a capital dividend account of $225,000 and PUC of $400,000. The corporation has one shareholder, who holds 32,000 shares with an adjusted cost base of $370,000. How will the proceeds be taxed to the shareholder? Choose the correct answer. C'- A. Taxable dividend of $1,100,000 & capital gain of $30,000 (:3 B. Taxable dividend of $875,000 & taxable capital gain of $15,000 C'- C. Taxable capital gain 013370000 (:3 D. Taxable capital gain of $505,000 United is a CCPC with the following information: Capital Dividend account balance on January 1 of the current year: $37,280 During the current year, the company had the following transactions: Capital Gains of $?,000 Capital Dividends received of $3,000 Net Income for Tax Purposes of $80,000 Non-Eligible Dividends paid of $18,500 What is the balance in the capital dividends account at the end of the current year? Choose the correct answer. (:3 A. $37,280 [:3 3. $43,780 [:3 C. $25,280 :3. 0. $105,280