Question #$2(34$ points$)$ You are a tax accountant with Muenchrath & Co$.,$ and you are preparing Emily$$s T$2$ tax return for the year ending December $31,2024.$ Emily owns and operates a non$-$publicly listed incorporated business, "Emily's Tang," that was established in $2017.$ The company follows ASPE and prepares its financial statements in accordance with accounting standards for private enterprises. Emily has asked you to prepare a tax return and calculate her corporation$$s $2024$ minimum federal income tax payable. Additional information: Revenues include $$18,000$ in dividends from taxable Canadian public corporations. Emily has provided additional detail about the company$$s expenses: Includes depreciation of $$9,000.($Capital cost allowance will need to be calculated.$)$ Includes cost of meals, $$800($net$),$ $$500$ for taxis, and $$3,200$ for Emily's data analytics conference in Toronto. Includes non$-$deductible donations of $$1,200.$ As of January $1,2024,$ NAI had a non$-$capital loss carryforward from $2020$ of $$47,500.$ The company also had an eligible capital property disposition in $2024,$ with a gain of $$15,000.$ The company$$s expenses included accounting depreciation of $$9,000.($UCC balances as of January $1,2024$ were provided.$)$ Revenues also include a gain on sale of the final depreciable asset at a net book value of $$36,000.$ The asset was sold for $$41,000$ and had an original cost of $$60,000.$ On March $10,2024,$ NAI sold its luxury vehicle $($Class $10\mathrm{.}1)$ for $$9,000.$ The asset had a net book value of $$8,000$ and was purchased on May $1,2022$ for $$37,000.$ NAI replaced the vehicle with a new luxury vehicle on May $17,2024.$ NAI expensed $$8,600$ for bad debts within net income for the year ending December $31,2024.$ The total claimed is based on the $2023$ taxation year$$s receivables. Emily believes a $$2,400$ reserve should be claimed based on the $2024$ taxation year. In $2024,$ Emily received a salary of $$82,000,$ which was paid throughout the year. A bonus of $$16,000$ was declared on December $31,2024$ and paid on January $25,2025.$ A $$4,200$ shareholder loan balance from $2023$ remained unpaid as of December $31,2024.$ A dividend refund of $$1,800$ was received during the year. CCA information for $2024($see list of CCA classes and balances on page $1).$ REQUIRED: A$.$ Calculate the minimum Net Income For Tax Purposes for the year ending December $31,2024.$ B$.$ Calculate the minimum Taxable Income for the year ending December $31,2024.$ C$.$ Indicate the amount, and type of any loss that may be carried forward to reduce taxable income in another year. D$.$ Calculate the minimum net federal income tax payable for the year.