accountant relied on ASPE, except for the fact that no provision was made at the end of the year for anticipated doubtful debts.

View the additional information.

Required

Calculate the minimum $2023$ business income for Fraser Distribution.

Start by calculating the bad debt expense adjustment for $2023.($Use parentheses or a minus sign for a negative value.$)$

$])$:$\}$

$[$ doubtful debts $])$:$\}$

$[$ doubtful debts $|$

Additional information

Other information related to the $2023$ taxation year is as follows.

In $2022,$ a reserve for doubtful debts was claimed for income tax purposes in the amount of $$15,300.$ For accounting purposes, only the actual $2023$ write$-$offs of $$17,400$ were deducted. The accountant felt that an appropriate reserve to be deducted for income tax purposes at the end of $2023$ would be $$19,400.$

Accounting income included a deduction for amortization expense in the amount of $$78,400.$ The accountant has determined that the maximum CCA for $2023$ is $$123,800.$

The following items were included in the accounting expenses.

Cost of advertising in a foreign newspaper that is distributed in Canada

Donations to registered charities

Cost of appraisal on real estate to be sold

Costs of landscaping work done on the grounds of Mr$.$ Fraser's principal residence

Management fee to Mrs$.$ Jhumpa Fraser

$$,3,700$

$4.$ As the business is not incorporated, no income taxes were deducted in determining net income.