A company's net income for financial statement purposes is 30,0000 included this amount are the following 40,000 gain from the sale of class 8 equipment for 60,000 that had an original cost of 330,000 and a net book value of 20,000, amortization expense of 25,000 and client entertainment expenses of 13,000. The undepreciated capital loss (UCC) of class 8 at the beginning of the year was 8,000. The capital cost allowance CCA computed on all other depreciable assets was 7,500 what is the net income for tax purposes?

284,000

290,500

324,000

330,000