Gardner Inc. is a CCPC that is not associated with any other company. As determined by ITR 5200, Gardner Inc. has M&P profits of $560,000 with all of this amount being Canadian-source active business income. Its total 2023 net income is $613,000 with the additional $53,000 being foreign-source business income. The foreign government withheld 10% of this amount, which is equal to the foreign business income tax credit. In determining taxable income, Gardner deducted a 2021 non-capital loss of $78,000. What is Gardner's M&P deduction for the year