Please help with this MC Question.

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. CXXXIX You are Walts Foods Inc. and Walters external CPA. As part of a salary-dividend mix analysis, Walter has asked you to consider the following possibilities in 2023:

(a) a bonus (i.e., lump-sum wage) of $X.XX paid by Walts Foods Inc. to Walter;

(b) an eligible dividend of $Y.YY paid by Walts Foods Inc. to Walt;

(c) a non-eligible dividend of $Z.ZZ paid by Walts Foods Inc. to Walter; or

(d) an interest-free on demand loan of $A.AA, which would be reflected solely by journal entries, made by Walts Foods Inc. to Walter and is unlikely to be repaid by Walter