2,500 Interest income.....*.;; 3,000 Dividends from taxable Canadian corporations ..... 1,500 Volume rebates.... 2,000 (5) The truck sold during the year had an original cost of $15,000. A replacement truck was purchased in the year at a cost of $20,000. (6) The corporation has operated from leased premises since 2013 when it spent $30,000 on infrastructure during the first year of a five-year lease with two three-year renewal options. During 2015, improvements were made to the premises at a cost of $6,000. (7) In 2004, the corporation purchased goodwill for $36,000 and an indefinite-term licence (described in (4), above) for $20,000. The balance in the CEC account on January 1, 2015, was $18,904. The 2014 T2 Schedule 8 prepared by the corporation indicates that at December 31, 2014, the corporation had the following undepreciated capital cost balances: Office equipment... $43,000 Trucks." 64,000 Leasehold improvements... 24,375 The bonus remained unpaid on May 15, 2016 when the 2015 corporate tax return was being prepared. Required: Calculate the minimum income from business or property of the company for the year ended December 31, 2015 under the provisions of the Income Tax Act. Indicate briefly the reasons for making any necessary adjustments to financial accounting profits. Indicate reasons for not considering an item in your computation. Make sure all items are accounted for in your answer. Page 2 of 2