TSN Ltd. is a Canadian private company with a December 31 year end. The transactions which follow involve TSN Ltd.s capital dividend account. During 2004, the Company received a capital dividend of $30,000. During 2005, the Company sold a capital asset with an adjusted cost base of $160,000 for cash proceeds of $200,000. During 2007, the Company sold an unlimited life franchise for $155,000. The Company had paid $125,000 for it in 2005. There have been no other additions to the cumulative eligible capital balance. It is the Companys policy to make maximum CCA and CEC deductions. During 2008, the Company sold a non-depreciable capital asset with an adjusted cost base of $120,000 for cash proceeds of $100,000. During 2015, the Company paid an ITA 83(2) capital dividend of $20,000. Determine the balance in the capital dividend account at December 31, 2015.