Cloudy ltd a canadian controlled private corporation has correctly calculated its 2019 net income for tax purposes to be $261,300 and taxable income to be $160,000 all earned in canada. cloudys 2019 net income follows:

active business income (eligible for small business deduction) $100.000

net rental income $18,200

taxable capital gains $84,000

dividends from portfolio investments $41,300

interest on long term investments $17,800

included among the deductions is taxable income for 2019 is a net capital loss from 2006 of $38,000. cloudys part I tax payable is correct calculated at $32,200

Required : determine the refundable portion of part I tax payable for the year ending dec 31 2019