Wrap Ltd. is a Canadian-controlled private corporation. At the end of 2019, Wrap had the following tax account balances: Non-capital losses Net capital losses Non-eligible RDTOH Eligible RDTOH Dividend refund from non-eligible dividends CDA $ 8,600 2,600 7,600 0 1,600 12,600 For the current year, 2020, net income for tax purposes is $271,800. Included in this amount is the following: Income from an active business carried on in Canada Taxable capital gain Eligible dividends from Canadian public companies Canadian bond interest $200,600 6,600 24,000 40,600 The following is a summary of other information for Wrap Ltd. for the 2020 year: Taxable income Capital dividend paid Eligible dividend paid Non-eligible dividend paid Small business deduction Total Federal Part I tax payable $236,600 12,600 10.600 75,600 38,114 32,520 Required: Required: Determine the dividend refund for 2020, assuming 2020. Would the dividend refund change if Wrap Ltd. was not a CCPC but instead was a private corporation or a public corporation? (use 0.3067 when multiplying to represent 3023%. and 0.3833 when multiplying to represent 38 1/3%. Do not multiply by more than 4 decimal places and round your final answer to the nearest dollar. Enter subtractions as negative amounts.) Aggregate investment income Part IV Tax Non-eligible RDTOH Less: Add: Add: (i) (ii) (iii) Eligible RDTOH Less: Add: Dividend Refund (A) + (B) + (C) Lessor of: (A) (0) (ii) Plus IT (B) Lessor of: (0) (ii) Plus (C) Lessor of: Less: and (ii) Less: Dividend Refund - Private company (A) + (B) + (C) Lessor of: (A) (1) (ii) Plus Lessor of: (B) (1) (ii) Plus (C) Lessor of: Less: and (ii) Less: Wrap Ltd. is a Canadian-controlled private corporation. At the end of 2019, Wrap had the following tax account balances: Non-capital losses Net capital losses Non-eligible RDTOH Eligible RDTOH Dividend refund from non-eligible dividends CDA $ 8,600 2,600 7,600 0 1,600 12,600 For the current year, 2020, net income for tax purposes is $271,800. Included in this amount is the following: Income from an active business carried on in Canada Taxable capital gain Eligible dividends from Canadian public companies Canadian bond interest $200,600 6,600 24,000 40,600 The following is a summary of other information for Wrap Ltd. for the 2020 year: Taxable income Capital dividend paid Eligible dividend paid Non-eligible dividend paid Small business deduction Total Federal Part I tax payable $236,600 12,600 10.600 75,600 38,114 32,520 Required: Required: Determine the dividend refund for 2020, assuming 2020. Would the dividend refund change if Wrap Ltd. was not a CCPC but instead was a private corporation or a public corporation? (use 0.3067 when multiplying to represent 3023%. and 0.3833 when multiplying to represent 38 1/3%. Do not multiply by more than 4 decimal places and round your final answer to the nearest dollar. Enter subtractions as negative amounts.) Aggregate investment income Part IV Tax Non-eligible RDTOH Less: Add: Add: (i) (ii) (iii) Eligible RDTOH Less: Add: Dividend Refund (A) + (B) + (C) Lessor of: (A) (0) (ii) Plus IT (B) Lessor of: (0) (ii) Plus (C) Lessor of: Less: and (ii) Less: Dividend Refund - Private company (A) + (B) + (C) Lessor of: (A) (1) (ii) Plus Lessor of: (B) (1) (ii) Plus (C) Lessor of: Less: and (ii) Less