AC$1350$ Inc. is a business carried on by Jack Student as a sole proprietorship. For the fiscal period ending December $31$ of the current year, Jack has determined that the business income for accounting purposes is $$83,000($ASPE$).$

In determining accounting business income, Jack deducted $$33,700$ in amortization expense and would be eligible to claim maximum CCA of $$43,100.$

Accounting expenses included a reserve for doubtful debts of $$4,300$ and a reserve for inventory obsolescence of $$8,400.$ The method for determining doubtful debts for accounting purposes is the same as that used for income tax purposes.

During the year, Longmeadow Supplies spent $$5,100$ for landscaping the grounds around its Winnipeg office. The amount was capitalized for accounting purposes. Since the expenditure was made late in the year, no amortization was deducted for the current year.

Accounting wxpenses included $$12,200$ in business meals as well as $$2,800$ in charitable donations.

The business spent $$3,800$ for advertisements on a U$.$S$.$ radio station. As the station is on the border with Manitoba, the audience for this station is largely Canadian residents.

Jack spent $$5,700$ for advertising circulars, charging the full amount to expense. As of December $31,2023,$ one$-$half of the circulars were still on hand.

One of Jack's employees stole cash in the amount of $$1,300.$ As the individual has left town, this amount is unlikely to be recovered.

The additional items below were included in the accounting expenses.

$\backslash$table$[[$Cost of sponsoring local hockey team,$$2,200$