bland co. reported a net income for tax purposes of $800,000 in Year 1 which included $30,0000 of non-eligible dividends from Sweet Co. Bland and Sweet are both CCPCs. Bland Co. owns 20% of the shares in Sweet Co. Sweet Co. received a dividend refund of $20,000 in Year 1 as result of paying taxable dividends. (Neither company is subject to rules pertaining to specified corporate income, excessive income from passive investments, or taxable capital in excess of $10 million.) HOw much is Bland Co.'s Part IV tax?

a. $0

b. $4,000

c. $6,000

d. $11,499