Crayon Inc. is a Canadian controlled private corporate. It uses a taxation year which ends on December 31. At the end of the 2018 taxation year, the Company had a balance in its Refundable Dividend Tax On Hand (RDTOH) of $28,000. The dividend refund for 2018 was $8,000. On December 31, 2018, Crayon had no balance in its GRIP. Therefore, the Transitional balances (i.e., the opening balance) for Crayon's Eligible RDTOH and its Non-Eligible RDTOH are as follows: Transitional Non-Eligible RDTOH: $20,000 [$28,000 - $8,000] Transitional Eligible RDTOH: Nil (as the corporation did not have a GRIP balance on 12/31/2018) During the taxation year ending December 31, 2019, Crayon had Taxable Income of $420,000. The Part I Tax Payable for the year was correctly calculated to be $75,000. Net Income For Tax Purposes does not include any foreign source income. No net capital losses were deducted in determining Taxable Income. The Company's Net Income For Tax Purposes includes the following amounts of non-operating income: Capital Gains $60,000 Eligible Dividends From Canadian Public Companies 40,000 Net Rental Income From Residential Properties 15,000 Dividends From Connected Company (See Note) 50,000 Note These dividends, none of which were designated as eligible, were received from Colour Inc., another CCPC. Crayon owns 30 percent of this company's voting shares. As a consequence of paying this dividend, Colour received a dividend refund of $14,000. Crayon is associated with four other companies. The annual business limit for the small business deduction is shared equally by Crayon and these companies. The $100,000 allocation is significantly less than the Company's active business income for 2019. Crayon Inc. paid taxable dividends of $80,000 during the year. It is the policy of the corporation to designate dividends as eligible only to the extent that a dividend refund will be available on their payment. For 2018, Crayon and its associated companies had combined ADJUSTED Aggregate Investment Income of $30,000. Their Taxable Capital Employed In Canada totalled $2,500,000 for 2018. Required: For the taxation year ending December 31, 2019, calculate the following items for Crayon Inc. Show all of the calculations used to provide the required information, including those for which the result is nil. (a) Determine the Refundable portion of Crayon's Part I Tax Payable for 2019: show the amounts per ITA 129(4)(a)(i) ~ (iii). (b) Determine Crayon's Part IV Tax Payable for 2019: show Part IV Tax Payable amounts on Non-eligible and Eligible dividends. (c) Determine the December 31, 2019 balances in Crayon's Eligible RDTOH and Non-Eligible RDTOH