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:

1. Net income for tax purposes is $221,000. The following are included in this amount.

Interest income from bonds	$	19,000
Interest income on overdue trade accounts receivable		1,300
Taxable capital gain on sale of land		23,000
Eligible dividends from Canadian public corporations		15,600
Non-eligible dividends from PQ Ltd. (see item 2 below)		7,800

1. 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 $416,000 of its active business income. PQ paid a non-eligible dividend of $16,000, of which Cinders share is $12,000 (60%). As a result of the dividend, PQ received a dividend refund of $7,000 from its non-eligible RDTOH.
2. Cinder made contributions of $10,000 to registered charities. This amount has been correctly adjusted for in computing net income for tax purposes.
3. The following information is from the 2022 Tax return of Cinder.

Non-capital losses		$	11,000
Non-eligible refundable dividend tax on hand			8,000
Eligible refundable dividend tax on hand			0
Dividend refund			0
Taxable capital	Under $10	million
Adjusted aggregate investment income		$	36,000

1. On May 31, 2023, Cinder paid taxable dividends of $32,000 (eligible $16,000 and non-eligible $16,000) to its shareholders.

Required: Determine Cinders federal income tax for the 2023 taxation year. (Use 0.3067 when multiplying to represent 30%. and 0.3833 when multiplying to represent 38 1/3%. Do not multiply by more than 4 decimal places and round your final answer to the nearest dollar. Enter subtractions as negative amounts.)