X Ltd., a private corporation, received dividends from Y Ltd. and Z Ltd. during its year ended December 31, 2020. Amount of dividends received by X Ltd from Y Ltd was $100, 000 and from Z Ltd was $50, 000. Percentage of shares owned by X Ltd. (votes and value) in Y Ltd was 60% and in Z Ltd was 5%. Dividend refund received by the payer corporations of the dividend Y Ltd and Z Ltd were $50, 000 and $200, 000 respectively. .X Ltd. and Z Ltd. are not related. All three are taxable Canadian corporations. Which one of the following amounts is the Part IV tax payable by X Ltd.?

		$74, 000
		$61,200
		$58, 360
		$49,165