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.