Maple Enterprises Ltd. has always claimed maximum CCA. Maple had the net income of $121,000 excluding the following capital transactions:

1. The undepreciated capital cost of certain CCA classes at the end of the previous taxation year was as follows:

Class 1	$242,000	(one building in class)
Class 8	229,900

2. In 2020, the company expanded into the manufacturing business by purchasing the following assets:

Equipment (manufacturing)	$36,300
Product licence for an indefinite period	12,000

3. The building was sold in 2020 for $314,600 (original cost$278,300).

4. During 2020, the company purchased office furniture for $16,900.

Required:

Complete the table below to calculate Mapless net income for tax purposes for the 2020 taxation year. (If an item is not relevant, leave blank. Use a minus sign (-) when entering numbers that reduce UCC.)

Complete the table with calculations.

2 Meple Enterprises Ltd. has always claimed maximum CCA. Maple had the net income of $121,000 excluding the following capital transactions: The undepreciated capital cost of certain CCA classes et the end of the previous taxation year was as follows: Class 1 $242,000 (one building in class) Class 8 229,900 In 2020, the company expanded into the manufacturing business by purchasing the following assets: Equipment manufacturing) $36,300 Product licence for an indefinite period 12,000 The building was sold in 2020 for $314,600 (original cost-5273,300). During 2020, the company purchased office furniture for $16,900. Required: Complete the table below to calculate Meples's net income for tex purposes for the 2020 taxation yesr. (If an Item is not relevant, leave blank. Use a minus sign (-) when entering numbers that reduce UCC.) 3. 4 Class 1 Building Class 8 Furniture Class 14.1 Intangible License Class 53 Manufacturing equipment UCC, beginning of year Add Purchases Less Disposal Recapture Less CCA Ending UCC Capital Gain Taxable Capital Gain S 0 $ 0 s 0 $ 0 Business income Net Income for Tax purposes S 0