Elaine Ltd$.$ is a Canadian$-$controlled private corporation. Its refundable dividend tax on hand

$($RDTOH$)$ account at December $31,2018$ was $ Nil. For its $2019$ taxation year the following

transactions occurred:

a$)$ The corporation received non$-$eligible Canadian taxable dividends of $$60,000.$

b$)$ The corporation received Canadian interest income of $ $40,000$

c$)$ The company received eligible Canadian taxable dividends of $ $30,000$

d$)$ The company paid taxable non$-$eligible dividends of $ $75,000$

Required: $($show all calculations$)$

a$)-$ Calculate the balances of the Elaine Ltd$.$s eligible and non$-$eligible RDTOH accounts at its

yearend date of December $31,2019.$

b$)-$ Calculate the $2019$ dividend refunds for Elaine Ltd$.$

Answer: