Company XYZ is a Public Co. , provides you the folowing tax purpose information for this year:

Cdn ABI Income was $150,000; Cdn Dividend Income (non-connected) was $15,000; Cdn Interest Income was $25,000, CDN Capital gains $50,000, Allowable Capital loss $10,000; CDN eligible dividends $25,000 received from 25% subsidiary and $3,000 dividend refund received by the subsidiary; Charitable Donations was $10,000

Please calculate Company XYZs Part I tax only, for this year.

$18,000

$28,500

$19,500

$15,000