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Cinder Inc. is a Canadian - controlled private corporation based in your province. The company operates a wholesale business. The following information is provided for

Cinder Inc. is a Canadian-controlled private corporation based in your province. The company operates a wholesale business. The following information is provided for its year ended May 31,2023:
Net income for tax purposes is $212,000. The following are included in this amount.
Interest income from bonds $ 10,000
Interest income on overdue trade accounts receivable 1,000
Taxable capital gain on sale of land 14,000
Eligible dividends from Canadian public corporations 12,000
Non-eligible dividends from PQ Ltd.(see item 2 below)6,000
PQ Ltd. is a Canadian-controlled private corporation. Cinder owns 60% of its common voting shares. In 2023, PQ claimed the small business deduction on $320,000 of its active business income. PQ paid a non-eligible dividend of $10,000, of which Cinders share is $6,000(60%). As a result of the dividend, PQ received a dividend refund of $1,000 from its non-eligible RDTOH.
Cinder made contributions of $4,000 to registered charities. This amount has been correctly adjusted for in computing net income for tax purposes.
The following information is from the 2022 Tax return of Cinder.
Non-capital losses $ 5,000
Non-eligible refundable dividend tax on hand 2,000
Eligible refundable dividend tax on hand 0
Dividend refund 0
Taxable capital Under $10 million
Adjusted aggregate investment income $ 30,000
On May 31,2023, Cinder paid taxable dividends of $20,000(eligible $10,000 and non-eligible $10,000) to its shareholders.
Required:
Determine Cinders federal income tax for the 2023 taxation year. (Use 0.3067 when multiplying to represent 30(2)/(3)%. and 0.3833 when multiplying to represent 381/3%. Do not multiply by more than 4 decimal places and round your final answer to the nearest dollar. Enter subtractions as negative amounts.)

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