Topsfield Inc. is a CCPC that is in the business of selling office supplies. It owns 62% of the outstanding shares of Mattituck Ltd. On December 15, 2023, Mattituck Ltd. declared and paid a non-eligible taxable dividend of $ 182 comma 000 of which Topsfield Inc. received $ 112 comma 840 (62%). As a result of paying the $ 182 comma 000 dividend, Mattituck Ltd. received a dividend refund in the amount of $ 11 comma 700