The sale of the assets of Jin Ltd. took place on January 2, 2019. The assets and liabilities of Jin Ltd. at that time were as follows:

	FMV
Inventory (cost $60,000)	$ 80,000
Accounts receivable (face value $180,000)	150,000
Land (cost $200,000)	300,000
Building (cost $150,000; UCC $110,000)	220,000
Liabilities	10,000

Jin Ltd. and the purchaser made a joint election under Section 22 of the Income Tax Act with respect to the Accounts receivable.

An examination of the corporate tax return for the year ended December 31, 2018 showed the following:

• Jin Ltd. is a Canadian-controlled private corporation.
• The Paid-up capital of the corporation is $1,000.
• The General-rate income pool (GRIP) balance was nil ($0).
• The corporation had nil ($0) balance for Capital dividend account (CDA) and its Refundable Dividend Tax on Hand (RDTOH) accounts.

Required: Determine the amount available for distribution to the shareholders after the sale of the assets. Assume a provincial tax rate of 4% on Active business income and 12% on other income. (1) After the sale of the assets, calculate the following: a. Active Business Income, b. Taxable Capital Gain, and c. Capital Dividend balance (2) If the winding up of Jin Ltd. takes place immediately after the assets are sold, determine the components of the distribution (after-tax) to the shareholders.