Kingbird Services Ltd$.$ has provided the following information for use in determining its income tax obligations related to the year ended December $31,2023.$

Revenue

Service Revenue

Dividend Revenue Received

Life Insurance Claim Received

Total Revenue

Operating Expenses

Office Expenses

Depreciation Expense

Advertising Expense

Meals and Entertainment Expense

Rent Expense

Litigation Expense

Life Insurance Premiums Paid

Salaries and Wages Expense

Warranty Expense

Total Operating Expense

Income from Operations

$$828\mathrm{.}000$

$45,000$

$101,500$

$5974,500$

$18,000$

$102,000$

$21,900$

$18,300$

$36,100$

$23\mathrm{.}000$

$8,000$

$321,000$

$53,000$

$601,300$

$$373,200$

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Additional Information:

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Kingbird is publicly owned and uses IFRS. It has an income tax rate of $25\%.$ The dividend revenue represents dividends received from taxable Canadian corporations.

During the year warranty expense of $$53,000$ was accrued. $$10\mathrm{.}600$ of this amount was paid in cash during $2023.$ This is the first year Kingbird offers warranties on services rendered.

Property, plant, and equipment was purchased for $$612,000$ on January $1,2022.$ These assets are being depreciated on a straight$-$line basis over six years with no residual value. For tax purposes the assets are classified as Class $8,20\%$ This PPE is considered "eligible equipment" for purposes of the Accelerated Investment Incentive $($All$)($under the All, instead of using the half$-$year rule, companies are allowed a first$-$year deduction using $1\mathrm{.}5$ times the standard CCA rate$).$ This rate was used for $2022.$

Kingbird pays for life insurance policies its top executives. During $2023,$ one of the executives died, and the company received a payment of $$101,500$ from the life insurance company.

On July $1,$ Kingbird was sued by a competitor. Although the lawsuit has not been finalized, management believes that it is probable that a settlement will eventually be reached for $$23,000.$ This amount has been accrued in the financial statements.

On November $15,$ $$30,000$ was received from a customer for three months of service, beginning on November $15.$ One half of this amount was earned and included in revenue for $2023.$ Advance payments are included in taxable income when the cash is received.

On December $1,$ one of the company executives received a speeding ticket for $$150.$ The company paid the ticket for the

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