K&K Inc. is a CCPC that uses a calendar$-$based taxation year. On January $1,2023,$ the balance in the

Company's Non$-$Eligible RDTOH is $$17,445$ and the balance in its Eligible RDTOH and GRIP accounts are

both nil.

K&K$\text{'}$s $2023$ taxable income is $$456,250.$ and its $2023$ Part I tax payable is $$82,506.$ The company has no

foreign income in $2023$ and no loss carryovers claimed in determining its taxable income.

The Company's $2023$ net income includes the following amounts of taxable capital gains and income from

property:

Taxable Capital Gains $$43,730$

Eligible Dividends from Canadian Public Companies $26,560$

Rental Income from a Residential Property $14,760$

Non$-$eligible dividends $-$ Connected Company $($See Note$)77,700$

Note $-$ The non$-$eligible dividends, were received from BM Ltd$,$ another CCPC in which K&K owns $42\%$

of the voting shares. The voting shares of BM Ltd owned by K&K represent $27\%$ of the value of all of the

corporation's shares. BM Ltd was entitled to a dividend refund of $$20,386$ for its $2023$ taxation year.

K&K is associated with four other companies. The annual business limit for the SBD is shared equally by

K&K and these four other companies. The $$100,000$ allocation is significantly less than the Company's

active business income in $2023.$

K&K Inc. paid taxable dividends of $$66,560$ in $2023.$ It is the policy of the corporation to designate

dividends as eligible only to the extent that they are entitled to a dividend refund.

In $2022,$ K&K and its associated companies had combined Adjusted Aggregate Investment Income $($AAII$)$

of $$32,400$ and the combined Taxable Capital Employed in Canada $($TCEC$)$ was $$2,300,000.$

Required:

$1.$ Determine the refundable portion of K&K$\text{'}$s Part I Tax for $2023.$

$2.$ Determine K&K$\text{'}$s $2023$ Part IV Tax.

$3.$ Determine the December $31,2023,$ balances in K&K$\text{'}$s Eligible and non$-$eligible RDTOH accounts.

$4.$ Determine K&K$\text{'}$s $2023$ dividend refund, providing separate amounts for refunds on eligible

dividends and non$-$eligible dividends.