Mr. Frank Smith is not a member of an RPP or a DPSP. At the beginning of 2019, Mr. Smith has no Unused RRSP Deduction Room. During 2018 and 2019, he has Earned Income of $75,000 each year. On July 1, 2019, he makes a $13,500 RRSP contribution, but does not make any deduction for the year. In 2020, he has Earned Income of $60,000, and makes a $16,000 contribution on May 1, but still does not make a deduction for the year. Required: Determine any penalty that will be assessed to Mr. Smith for excess contributions during either 2019 or 2020. SHOW WORK PLS.