Question: Question 3: Candy Ltd. generated the following data for its December 31, 2020 taxation year: Capital Gains $35,000 Interest Income $50,000 The balance in the

Question 3: Candy Ltd. generated the following data for its December 31, 2020 taxation year: Capital Gains $35,000 Interest Income $50,000 The balance in the tax accounts on January 1, 2020 Charitable Donation carry forwards $15,000 Net Capital loss from 2011 $4.000 Non Capital loss from August 2016 $10.000 What is the minimum taxable income (rounded to the nearest dollar) to be reported on Candy's corporate tax return? A. $70,000 B. $38.500 C. $36,500 D. $56,000

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