code class$=$"asciimath"$>2.$ Some years ago, MIL purchased land for $$572,000.$ Until recently, they had intended to construct a new building for their business on this site. However, with the $2024$ purchase of a new building, their plans changed and the company sold the land for $$623,000.$ The buyer provided a $$50,000$ cash down payment, and MIL provided a mortgage for the balance of $$573,000.$ The balance will be paid in $10$ equal annual instalments beginning in $2025.3.$ Selling and Administrative expenses include $$32,000$ in business meals and entertainment and $$14,600$ for membership fees that were paid for several employees in a local golf and country club. This club is used for entertaining business clients. $4.$ Other Expenses include the following: Bond discount amortization $$3,500$ Donations to registered charities $16,900$ Interest on late income tax instalments $900$ Interest on late municipal tax payments $4755.$ The Company spent $$15,000$ during the year on landscaping for its new building. For accounting purposes this was treated as an asset. MIL will not amortize this balance for accounting purposes as it believes the work has an unlimited life. $6.$ MIL has a $2022$ net capital loss balance of $$128,000$ and a $2022$ non$-$capital loss balance of $$46,800.7.$ MIL has active business income in Canada of $$613,168,$ none of which results from M&P activity. $8.93\%$ of MIL's taxable income is earned in a province or territory. $9.$ MIL is associated with several other CCPCs$.$ MIL's share of the group's annual small business limit for $2024$ is $$150,000.$ The combined Taxable Capital Employed In Canada $($TCEC$)$ of the group of associated corporations is less than $$10$ million in both $2023$ and $2024.10.$ The combined Adjusted Aggregate Investment Income $($AAII$)$ of the group of associated corporations is equal to $$48,500$ for $2023.$ Required: A$.$ Calculate the minimum $2024$ net income for Morland Industries Ltd$.$ In addition, calculate the UCC for each class of property as of January $1,2025.$ Ignore any GS$($T$)/($H$)$ST implications. B$.$ Calculate the minimum $2024$ taxable income for Morland Industries Ltd$.$ Indicate the amount, and type, of any carryovers that are available to be applied to other taxation years. C$.$ Calculate the minimum $2024$ federal income tax payable for Morland Industries Ltd$.$ Assume that the foreign business tax credit is equal to the foreign income tax paid.