Question: please help me please to do this one answer as soon as possible #3) (17 Marks) Come and Go Inc. is a Canadian controlled private

please help me please to do this one answer as soon as possible
please help me please to do this one answer as soon as

#3) (17 Marks) Come and Go Inc. is a Canadian controlled private corporation. The following data summarizes the operations of Come and Go Inc. for the year ended December 31, 2017 Income (loss) from Business A $72,000 Income (loss) from Business B 1$8,000) Capital Loss ($14,000 Dividends from taxable Canadian corporations $4,000 Capital gain $8,000 Donation to a charitable organization $1,600 Part-time farm income (loss) (subject to Sec 31) (S24,000) Come and Go Inc. had the following account balances at December 31, 2016: Net capital loss (from 2011) $4,000 Restricted farm loss (from 2010) $6,000 Non-capital loss (from 2009) $21,000 Non-capital loss (from 2010) $50,000 Refundable dividend tax on hand $4,000 2016 dividend refund $1,700 Charitable Donations (from 2016) $2,800 REQUIRED: 1. Calculate the minimum taxable income of Come and Go Inc. for the year ended December 31, 2017. Use section 3 format for the calculation of net income. Use carry overs in the following order: Charitable Donations Restricted Farm Losses Net Capital Losses Non-Capital Losses Farm Losses 2. Prepare a schedule of losses incurred, applied and available to be carried over to 2018. #3) (17 Marks) Come and Go Inc. is a Canadian controlled private corporation. The following data summarizes the operations of Come and Go Inc. for the year ended December 31, 2017 Income (loss) from Business A $72,000 Income (loss) from Business B 1$8,000) Capital Loss ($14,000 Dividends from taxable Canadian corporations $4,000 Capital gain $8,000 Donation to a charitable organization $1,600 Part-time farm income (loss) (subject to Sec 31) (S24,000) Come and Go Inc. had the following account balances at December 31, 2016: Net capital loss (from 2011) $4,000 Restricted farm loss (from 2010) $6,000 Non-capital loss (from 2009) $21,000 Non-capital loss (from 2010) $50,000 Refundable dividend tax on hand $4,000 2016 dividend refund $1,700 Charitable Donations (from 2016) $2,800 REQUIRED: 1. Calculate the minimum taxable income of Come and Go Inc. for the year ended December 31, 2017. Use section 3 format for the calculation of net income. Use carry overs in the following order: Charitable Donations Restricted Farm Losses Net Capital Losses Non-Capital Losses Farm Losses 2. Prepare a schedule of losses incurred, applied and available to be carried over to 2018

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