Additional information to follow the picture: 1700 to Jennifer as a reimbursement of ccc expenses 1000 to charitable donations 1450 of accounting amortization 2) the partnership is entitled to a maximum CCA of 2000.003) in additional to the business results recorded in the accounting ring income statement, the partnership had the following additional amounts of 2020 income: Eligible dividends received 3440 Gain on sale of common shares 6000The shares that were sold during 2020 had an adjusted cost bad of 11000. They were sold for 17000. 4) assume that no partner has taxable income that will be taxed federally at 33%.Required: A) calculate the amounts of income from the partnership that would be included in the net income for tax purposes of each of the partners B) indicate the amount of any federal tax credits that would be available to the partners as a result of their interest in the partnership (charitable donation and federal dividend tax credit).

Jennifer, Christine, and Danny recently graduated from college and began a coffee bean roasting business called the Canadian Coffee Club (CCC) that they operate as a partnership. They share profits and losses equally. Their accountant has prepared the following statement for the year sig December 31, 2020: Canadian Coffee Club Partnership Income Statement Year Ending December 31, 2020 Gross Business Revenues $ 86,000 Operating Expenses ($31,500) Administrative Expenses ( 17,300) (48.800) Net Income From Coffee Roasting Business $ 37:200 Other Information: 1. Included in operating and administrative expenses are the following: . $2,400 of salaries to each of the three partners. . $3,300 of interest to Christine ($1,300 relates to a bona fide loan she made to CCC and the remaining $2,000 relates to her capital contribution). . $1, 100 paid to Danny for personal expenses