ABC Ltd. is a CCPC through the 2020 taxation year. It has a December 31 year end and is not associated with any other companies. Its $278,000 net income for tax purposes is made up of the following components:

Active Business Income $189,000

dividends from Taxable Canadian Corporations 18,000

Foreign Non - Business Income 71,000

The foreign jurisdiction withheld $7,000 from the foreign non-business income. The company receives a credit against federal Tax Payable for this amount. The company has a non-capital loss carry over of $78,000 that it intends to deduct during 2020.

Determine ABC's small business deduction for the year ending December 31, 2020