ABC Co. is a proprietorship owned by Olaf. Its taxation year ends on December 31. For the current year, Olaf's accountant, Sven, has calculated a Net Income for ABC Inc. of $194,000 using generally accepted accounting principles.

Other Information:

1. The following expenses were included in accounting expenses:

Amortization expense	$68,200
Cost of sponsoring local soccer teams	7,800
Advertising on a US television station (Directed at Canadian market)	9,500
Business meals and entertainment	20,000
Loss from theft	16,200
Interest paid on late income tax instalments	1,100

2. Sven has correctly calculated CCA for the year in the amount of $94,200.

3. The company spent $9,000 on Landscaping Costs during 2020. In accordance with GAAP, these costs were capitalized and amortized in the accounting records.

Required: Prepare a reconciliation to calculate ABC Co.'s net business income or loss for tax purposes for 2020 using the table below. Be sure to include a negative sign if the item should be deducted. An item that does not require adjustment should be entered as a 0.

Accounting Income	$194,000
Amortization expense
Cost of sponsoring local soccer teams
Advertising on a US television station (Directed at Canadian market)
Business meals and entertainment
Loss from theft
Interest paid on late income tax instalments
Landscaping Costs
CCA
Business income for tax purposes