Coconut, an individual, has a $35\%$ marginal tax rate and owns $100\%$ of the stock of Tropical Corporation, a C Corporation for federal tax purposes. This year, Tropical Corporation generated $$1,200,000$ of taxable income, paid $$252,000$ of corporate income tax, and paid a $$150,000$ dividend to Coconut. Suppose that the federal income tax system has been amended to allow shareholders to gross up dividend income by the corporate tax paid with respect to the dividend and credit this tax against their individual tax. Further assume that dividends$-$received by individuals are not eligible for a preferential tax rate. Assuming the corporate tax rate is $21\%,$ calculate Coconut's tax due on the dividend.

$$ $$32,052$

$$26,583$

$$1,500$

$$52,500$