For the year ending December 31, 2020, Reeve Inc. has Taxable Income, before consideration of dividends or salary paid to its sole shareholder, of $23,600. The Company's cash balance, prior to the payment of any taxes for the year is $17,300. The Company's Taxable Income is subject to a combined federal/provincial tax rate of 15 percent. There is no payroll tax in this province. REQUIRED Ms. Reeve, the Company's president and sole shareholder has no other source of income. She has combined federal/provincial personal tax credits of $4,120 and lives in a province that has a personal tax rate on the first $48,535 of Taxable Income equal to 11 percent. The provincial dividend tax credit is 30 percent of the gross up for non-eligible dividends. Ms. Reeve would like to remove all of the cash from the corporation and has asked you to determine whether it would be better to take it out in the form of all non-eligible dividends or all salary. Ignore the required CPP contributions and the Canada employment tax credit.