Topsfield Inc. is a CCPC that is in the business of selling office supplies. It owns 54% of the outstanding shares of Mamaroneck Ltd. On December 15, 2023, Mamaroneck Ltd. declared and paid a non-eligible taxable dividend of $ 183 comma 000 of which Topsfield Inc. received $ 98 comma 820 (54%). As a result of paying the $ 183 comma 000 dividend, Mamaroneck Ltd. received a dividend refund in the amount of $ 11 comma 900