Cinder Inc. is a Canadian-controlied private corporation based in your province The company operates a wholesale business. The following information is provided for its year ended May 31,2023 1. Net income for tax puiposes is $212,000. The following are included in this amount. 2. PQ Lid 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 Cinder's share is $6.000(60%). As a result of the divdend, PQ recelved a dividend refund of $1,000 from its non-eligible RDTOH. 3. Cinder made contributions of $4,000 to registered charities. This amount has been correctuy adfusted for in computing net income for tax purposes. 4. The following information is from the 2022 Tax return of Conder. 5. On May 31, 2023, Cinder paid toxable dividends of $20,000 (eligible $10.000 and non-eligible $10,000 ) to its shareholders. Pequired: Determine Cinder's federai income tax for the 2023 taxation year (Use 0.3067 when multiplying to represent 30%%, and 0.3833 when multiplying to represent 381/3%. Do not multiply by more thon 4 decimal places ond round your final onswer to the nearest. dollor. Enter subtroctlons as negotive amounts.) Aggregate investment income Partitax Small business deduction 19% least of (ii) Refundable tax on investment income General tax reduction - 13% of Less: Less: PART I TAX Part IV Tax \% x \begin{tabular}{ll} \hline \\ \hline 5 & 0 \\ \hline \end{tabular} Non-eligible RDTOH Less: Non-eligible RDTOH \begin{tabular}{l} 5 \\ \hline 5 \\ \hline \end{tabular} Eligible RDTOH Add Dividend Refund (i) Lessor of: (a) 381/3% (b) Plus (ii) Lessor of: (a) (b) Fertaral inrome tar navahio Federal income tax payable