• Meriden Ltd., a CCPC, had a non-eligible RDTOH (Refundable Dividend Tax on Hand) account balance of $23,500 on December 31, 2022, the end of its 2022 taxation year.
• The GRIP (General Rate Income Pool) account balance was nil on the same date.
• In 2022, Meriden Ltd. paid taxable dividends of $20,600 and claimed a dividend refund of $5,400.

Additional Information:

• The corporation's refundable portion of Part I tax for 2023 is $4,300.
• In 2023, Meriden Ltd. paid Part IV tax of $7,897 on eligible portfolio dividends and Part IV tax of $3,987 on non-eligible dividends from a connected company.
• In 2023, Meriden Ltd. paid eligible dividends of $5,250 and claimed a dividend refund of $2,013.

 

Question: What is the balance in Meriden Ltd.'s non-eligible RDTOH account as of December 31, 2023?