Timberline Privаte Ltd. hаs оne shаrehоlder whо owns all 24,000 common shares. At the beginning of the year, Timberline has a Capital Dividend Account balance of $60,000, total common-share PUC of $288,000, and shareholder ACB of $216,000. During the year, Timberline realizes a capital gain of $120,000 and a capital loss of $20,000. It then pays a valid capital dividend of $80,000, returns $48,000 of paid-up capital without cancelling any shares, and finally redeems 6,000 common shares for $90,000. Assume a 50% capital-gains inclusion rate. Which statement correctly describes Timberline’s closing CDA and the consequences and remaining balances after the redemption?