Carson Ltd. was incorporated in 2007 and, since that time, it has been a Canadian controlled private company. Between the date of its corporation and December 13, 2020, it has had the following transactions that relate to the Companys capital dividend account.

In 2018, the Company received life insurance proceeds, net of the adjusted cost base of the policy, in the amount of $186,000.

In 2020, the Company received a capital dividend of $26,300.

In 2015, the Company paid a capital dividend of $45,200. The required election was made.

In 2016, the Company sold a capital asset with an adjusted cost base of $184,300 for proceeds of $226,100.

In 2018, the Company sold two parcels of land. The first parcel of land, which had an adjusted cost base of $48,600, was sold for $93,400. The second parcel of land, which had an adjusted cost base of $112,600, was sold for $108,300.

In 2020, the Company paid a capital dividend of $16,400. The required election was made.

Required: Determine the balance in the Companys capital dividend account as of December 31, 2020.