Arushi is self-employed in the Software distribution business. The following is Arushis income statement, for the calendar year ending December 31,2022.

Statement of Income For the year ended December 31,2022 Gross revenue 128400 Cost of goods sold 53400 Gross profit 75000 Expenses: Accounting and legal5200 Advertising4800 Golf dues2600 Business, taxes, and licenses1200 Amortization expense7600 Personal expense of Arushi5600 Interest2850 Meals and entertainment6450 Rent and lease12000 Office3856 Salaries and wages -Staff22400 74556 Net income per financial statements 444

1. Included in the cost of goods sold is $1,500 incurred for the purchase of doors and cabinets.
2. Capital cost allowance deductible is $1,970.
3. Included in the cost of goods sold is $5,700 incurred for the purpose of earning exempt income.
4. Accounting fees include the purchase of a $1,800 computerized cash register.
5. Interest expense includes $1,200 of interest paid to the CRA for late instalments.

Ms. Arushi has asked you to calculate the income from a business for tax purposes for the year ended December 31,2022.