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Question 3 In 2023, Sunshine Publishing Ltd.,a book publishing company with a fiscal year-end on December 31**, made a $100,000 loan to Stuart Sunshine, the president and majority shareholder. All parties involved are Canadian residents. This is the first loan Stuart received from the company, and it helped him purchase a new home for his own residence. The loan was made on May 1, 2023 and a mortgage agreement is signed on that date. The agreement requires that the $100,000 to be repaid over five years in equal instalments of $20,000 on each anniversary date, starting on May 1, 2025. The interest rate is 1% per year, paid on December 31*' each year. Assume that the prescribed rates applicable are as follows: 1% for Q1 2023, 2% for Q2 2025, 3% for Q3 2023, and1.5% for Q4 2023. You may simplify the imputed interest calculations by using months as opposed to davs. Assume any accrued interest is paid at the end of each year. REQUIRED a) Assuming that no other housing loans have been madeto other employees, what are the income tax consequences of this loan to Stuart in 20237 b) Assuming thatitis company policy to make such loans to other employees, what are the income tax consequences of this loan to Stuart in 2023? ) Would your answer to part b) change if Stuart was instead a minority shareholder (owning 80 of shares), and Stuart was using the loan to purchase a rental property as opposed to a personal residence? Please explain