Unit 6 Study Exercises QUESTION 6.1 (15 marks) The records for Oxtongue Inc. show the following data for calendar 2020: a) Gross profit on instalment sales recorded on the books was $100,000. Gross profit from collections of instalment receivables was $50,000. b) Golf club dues were $3,800. c) Machinery was acquired in January 2020 for $300,000. Oxtongue uses straight-line depreciation over a ten-year life (no residual value). For tax purposes, Oxtongue uses CCA at 14% for 2020 after considering the half-year rule. d) Dividends received from a Canadian corporation were $ 4,000. e) The estimated warranty liability related to 2020 sales was $19,600. Warranty repair costs paid during 2020 were $13,600. The remainder will be paid in 2021. 6) Pre tax accounting income is $250,000. The enacted income tax rate is 25% Required a Prepare a schedule starting with pre tax accounting income) to calculate taxable come