During the year, M Ltd has the following sources of income: Taxable capital gains= $50,000, Allowable capital losses=42, 000, Dividends from taxable Canadian corporations=30,000, Foreign Source Property Income=5,000. The company has taxable income of $550,000, of which $492,000 was eligible for the small business deduction. What is the total Additional Refundable Tax on Investment Income (ART)?

		$ 640
		$3,307
		$1,387
		$7,787