1. Machinery was acquired in January 2020 for $ 200,000. Kalman uses straight-line depreciation over a ten-year life (no residual value). For tax purposes, Kalman deducted CCA of $38,000 for 2020. 2. Dividends received from a Canadian corporation (non-taxable) were $ 14,500. 3. Premium paid for life insurance for key officers (non-deductible) was 1,000. 4. The estimated warranty liability related to 2020 sales was $ 22,400. Warranty repair costs paid during 2020 were $ 13,000. The remainder will be paid in 2021. 5. Pre-tax accounting income is $ 315,000. The enacted income tax rate is 25%. Instructions a) Prepare a schedule (starting with pre-tax accounting income) to calculate taxable income. (5 marks) Pre-tax accounting income $315,000