Your corporate client presents you with the following accounting information for the fiscal year just ended:

Net active business income			1,210,000
Net investment income			93,500
Net income (for financial statement purposes)	1,303,500
Items included in net active business income above:
Sales - Manitoba (MB)			2,112,000
Sales - Nova Scotia (NS)			3,245,000
Sales - other provinces			0
Salaries and wages - MB			355,300
Salaries and wages - NS			277,200
Salaries and wages - other provinces		0
Depreciation expense			198,000
Gain on sale of Class 8 asset			70,400
Eligible dividends received			31,900
Provision for income taxes			220,000
Charitable donations			160,600

Additional information:

• The corporation is a non-CCPC.
• The corporation has permanent establishments in Manitoba and Nova Scotia.
• The balance in Class 8 at the end of the year, after the sale of one of the Class 8 assets, is 375,000.
• The CCA deduction for the year is 215,000.
• The corporation did not pay any dividends during the year.

What is the corporation's net income for tax purposes for the year?