Fargo Ltd$.$ has a December$31$ year end. For the current year, the company reported net income before tax for accounting purposes, determined under generally accepted accounting principles, of $$532,000.$ Fargo has an investment in Dardin Inc. that is accounted for using the equity method. Current$-$period equity income is $$35,800,$ and dividends received on this investment in the year were $$23,400.$ In the current year, Fargo also received dividends from taxable Canadian corporations of $$6,800$ on portfolio investments and foreign dividends of $$4,600.$ Charitable donations made in the year were $$4,200,$ and rental income was $$21,400.$ Fargo$$s capital cost allowance claim for the year is equal to amortization expense reported in the income statement.

How much is the Fargo$$s net Canadian active business income $($ABI$)$ for the current year?

Question $9$ options:

a$)$

$$463,200$

b$)$

$$467,600$

c$)$

$$480,000$

d$)$

$$497,800$