Elaine Ltd. is a Canadian-controlled private corporation. Its refundable dividend tax on hand (RDTOH) account on December 31, 2018 was $35,000. For its 2019 taxation year, its refundable portion of Part I tax was $23,000. The corporation received no dividends in 2019. It paid taxable dividends of $60,000 in 2018 and $75,000 in 2019. The balance in Elaine Ltd.'s RDTOH account at December 31, 2019 is:

a)$13,000

b)$33,000

c)$35,000

d)$38,000