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Arushi is self-employed in the Software distribution business. The following is Arushi's income statement, for the calendar year NOTES: 1) Included in the cost of

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Arushi is self-employed in the Software distribution business. The following is Arushi's income statement, for the calendar year NOTES: 1) Included in the cost of goods sold is 15.700 incurred for the purpose of earning exempt income 2 Capital cost allowance deductible is $1,970. 3) Accounting fees indude the purchase of a $1,800 computerized cash register. 4) inter est expense indudes $1.200 of interest paid to the CRA for late instaiments. 5) Included in the cost of goods sold is $1,500 incurred for the purchase of doors and cabinets -RFQUIRFD: Ms Arushi has asked you to calculate the income from a business for tax purposes for the year ended December 31.2022

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