AAA Ltd, a public company. Reports on its accounting income statement for the year ended December 31, 2019 (All figures in Cdn$) The Accounting Income Includes:

Operating Income $300,000 See Note 1

Note 1:

Accounting Operating Income of $300,000 includes:

Depreciation Expense was $20,000

The company has the following Assets: (apply maximum CCA, this year)

Class

Rate %

Opening

UCC$

8

20

200,000

10

30

100,000

Donations to registered charities $20,000

Payment for Meals & Entertainment $40,000

Foreign non- Business Net Income: $30,000 before tax paid of $10,000 to a foreign country

Please calculate AAA Co.'s MINIMUM Net Income for Tax Purposes?