90.000 Materials 87.000 In 2021 Ed's Repair shop generated sales revenue of $390,000 and had the following expenses: Salaries & Wages Rent 25.000 Insurance 12.000 Advertising 19.500 Meals & Entertainment Motor Vehicle Telecommunications Home Expenses Ed's repair shop operates as a small business in Canada. Required (8 marks) A) Calculate the company's net income for tax purposes B) Calculate the company's taxes payable 22.500 13.000 30% personal use 10.900 70% business use 10.000 1/4 of the home is used for the home office space