"A consumer electronics company was formed in Saskatoon, Saskatchewan, to manufacture and sell GPS units for car. The company purchased a warehouse for $500,000 and converted it into a manufacturing plant. It completed installation of assembly equipment worth $1, 500,000 on January 31. The plant began operation on February 1. The company had a gross income of $2,000,000 for the calendar year. Manufacturing costs and all operating expenses, excluding the capital expenditures, were $1, 180,000. The CCA expenses for capital expenditures amounted to $118,000. (a) Compute the taxable income of this company. (b) Using the tables from Lecture Slides 30-5 and 30-6 (i.e., Table 9.1 on page 487 and Table 9.2 on page 488 of the textbook), calculate the amount of income taxes that the company will pay for the year." "A consumer electronics company was formed in Saskatoon, Saskatchewan, to manufacture and sell GPS units for car. The company purchased a warehouse for $500,000 and converted it into a manufacturing plant. It completed installation of assembly equipment worth $1, 500,000 on January 31. The plant began operation on February 1. The company had a gross income of $2,000,000 for the calendar year. Manufacturing costs and all operating expenses, excluding the capital expenditures, were $1, 180,000. The CCA expenses for capital expenditures amounted to $118,000. (a) Compute the taxable income of this company. (b) Using the tables from Lecture Slides 30-5 and 30-6 (i.e., Table 9.1 on page 487 and Table 9.2 on page 488 of the textbook), calculate the amount of income taxes that the company will pay for the year