Winter 2022 ACCT 3204 - First Major Simulation D. Diesel (DD) gave you the following information for 2021. DD became the vice-president of a public Canadian corporation, OPP Limited, on January 1, 2021. DD is 48 years old, lives in Calgary and travels extensively across Canada. DD negotiates contracts for OPP Limited. Receipts and Benefits - 2021 Salary - net of payroll deductions $ 50,340 Director fees 5,000 Receipt of money owed from a former employer 50,000 Travel Allowance (note 1): Accommodations and meals @ $200 per day for 150 days 30,000 Car operating cost allowance @ $0.45 per kilometre for 9,000 kilometres plus $10 per day for 150 days 5,550 Income protection receipts received from Regal Assurance (note 2) 15,000 Benefits Paid by OPP Limited: Registered Pension Plan $ 4,000 Extended health care - Liberty Mutual 2,125 Group Income Protection premiums Regal Insurance (note 2 1,050 Membership fee in Club (golf membership required by all employees): Initiation fees for golf club 1,000 Annual fee for golf club 2,500 Moving costs (note 3) 12,000 Group Term Life Insurance (coverage is $300,000) 600 Loans from OPP Limited (note 4) 160,000 Payroll deductions and selected disbursements: Payroll deductions: Income taxes withheld $ 41,001 Registered pension plan (defined contribution) Current contribution 4,000 Canada Pension Plan contributions 2.749 Employment Insurance contributions 860 Group Income Protection premiums (note 2) 1,050 DD purchased 2,000 shares on July 1, 2021, under a stock option plan at a price of $25 a share. The shares were trading for $35 a share on the date of purchase. The shares were trading for $25 a share when the option was granted. Legal fees DD paid for the collection of the $50,000 owed from a former employer. 5,000