TeterboroTeterboro Inc. is a CCPC that is in the business of selling office supplies. It owns 5858% of the outstanding shares of MassenaMassena Ltd. On December 15, 20232023, MassenaMassena Ltd. declared and paid a non-eligible taxable dividend of $ 192 comma 000$192,000 of which TeterboroTeterboro Inc. received $ 111 comma 360$111,360 (5858%). As a result of paying the $ 192 comma 000$192,000 dividend, MassenaMassena Ltd. received a dividend refund in the amount of $ 11 comma 800$11,800