During the current taxation year, KT Ltd$.,$ a Canadian$-$controlled private corporation located in Nova Scotia earned $$176,000$ of active business income. In addition, the company made the following capital transactions.

Gain on sale of shares of a public corporation $ $52,000$

Loss on shares of a public corporation $(22,000)$

At the end of the previous taxation year, the following unused losses were available for carry$-$forward.

Net capital losses $ $(30,000)$

Non$-$capital losses $(52,000)$

Required:

For the current taxation year of KT Ltd$.,$ calculate

$(1)$ net income for tax purposes;

$(2)$ taxable income; and

$(3)$ total federal income tax.