John is the owner/manager of JHS Software Corp., a privately owned corporation. John owns 100% of the shares of JHS Software. For the last fiscal year 2022, JHS had revenues of $200,000, general administrative expenses of $40,000. John needs your advice. He wants to pay himself a dividend of $136,000. Assume JHS corporate tax rate is 15%. John's marginal tax rate is 45%. Eligible dividends are grossed up at 40% while ineligible dividends are grossed up at 25%. The dividend tax credit is 20%. How much cash will John have left after tax from the dividend he plans to pay himself? $34,000 $127,500 $136,000 $160,000 $170,000