2.a) Given the following income statement, calculate the values for Buildings (CCA Class 1) and Office Equipment (CCA Class 8) that would be listed on the Balance Sheet as assets on December 31, 2015 Assume that this is not the first year the company has claimed depreciation expenses for these assets, and that the company is applying the maximum allowable CCA in 2016. (b) What would have been the company's income taxes payable had they not claimed the depreciation expenses? Assume the tax rate remains unchanged. Income Statement for the Year ending December 31, 2016 Revenues Sales Cost of Goods Sold Net Revenue from sales $421,400 $311,250 $110,150 Expenses Salaries Bad Debts Advertising Interest Insurance Office Supplies Other expense Depreciation expense, Buildings Depreciation expense, office equipment Total Expenses $69,025 $1,100 $2,500 $500 $600 $2,025 $7,000 $900 $850 $84,500 $25,650 $9,350 $16,300 Income Before Taxes Income taxes Income after taxes