Please help with these Question. A and B

Walter, who lives in Toronto, Ontario, is the sole shareholder and sole director of Walts Foods Inc., which is a CCPC carrying on an active business in the Province of Ontario. Walts Foods Inc. has a GRIP balance (CRA Form T2 - Schedule 53) of $200,000, an LRIP balance of $200,000, and after-tax corporate cash on hand of $400,000. Walts Foods Inc. net active business income and taxable income for the December 31, 2023 taxation year will be less than the business limit, which represents the small business deduction amount.

In 2023, Walter requires a new automobile exclusively (100%) for personal use. He needs $56,500 in additional after-tax personal income to fund the cost, which includes 13% HST, of this acquisition and he seeks those funds from Walts Foods Inc. on January 1, 2023. Walters 2023 taxable income will exceed $235,675 prior to the receipt of these additional funds from Walts Foods Inc. for this purpose

A. Which of the above-stated possibilities requires the LEAST amount to be paid by Walts Foods Inc. to Walter in 2023 that would provide him with the additional after-tax personal income of $56,500 to purchase a new automobile? (CPAO 2017)

(a) Bonus

(b) Eligible dividend

(c) Non-eligible dividend

(d) Loan

B. Based on your answer in point A above, what is the amount (in dollars and cents) to be paid by Walts Foods Inc. to Walter that would provide him with the required after-tax personal income of $56,500? The numerical answer alone is sufficient. No calculations need be shown (CPAO 2017)