Yamaha Ltd. is a Canadian-controlled private corporation. For its fiscal year ended December 31, 2020, Yamaha Ltd. had income of $105,000, comprised as follows: Interest income $20,000 Taxable capital gains 30,000 Taxable dividends received from Alpha Ltd. (non-eligible) 40,000 Beta Ltd. (eligible) 15,000 During the same year Yamaha Ltd. paid non-eligible dividends of $16,000 and capital dividends of $4,000. Yamaha Ltd. owns 40% of the issued shares of Alpha Ltd. and 5% of the issued shares of Beta Ltd. Alpha Ltd. received a dividend refund of $20,000 from its non-eligible RDTOH and Beta Ltd. received a dividend refund of $8,000 as a result of paying dividends during their respective taxation years ended December 31, 2020. Required: Determine the dividend refund for Yamaha Ltd. for its 2020 taxation year. Assume the balance in its ERDTOH and NERDTOH accounts at January 1, 2020 were Nil. [ITA: 123(1); 123.3; 124(1); 129(1), (3);186(1), (2), (4)]