Billy W is a certied professional accountant who operates Browne; Accounting and Tax Services out of the basement of his home. His home address is 967 Major Street Vaughan ON LAT 7T2. He has asked you to help him prepare the T2125 for his 2019 personal tax return and has provided you with the following details regarding his business revenues and expenses for 2019: Item Amount Professional income $85,000 General Expenses: Advertising expense 1,500 Bad debts expense 350 Insurance expense 575 Interest and bank charges expense 360 Business taxes, licenses & memberships expense 1,150 Ofce expenses 700 Ofce stationery expense 500 Legal and accounting expense 2,350 Billy acquired a Lexus IS 300 RWD for personal and business use on March 22, 2019. The car cost him $46,386.50 ($41,050 + HST). He drove the car 19,640 kilometers during the year, of which 7,856 were for personal use. His total motor vehicle expenses not including CCA, were as follows: Fuel 2,357 Repairs and maintenance 500 Insurance 1,500 License and registration 120 Interest on car loan 628 Car washes 135 Parking 340 Home ofce expenses: Property tax 7,500 Utilities 2,150 Insurance 600 Mortgage interest 16,200 Home office expenses: Property tax 7,500 Utilities 2,150 Insurance 600 Mortgage interest 16,200 Business use of home: 16.67% Business portion 33.33 square metres Entire home 200 square metres In addition to the above home office expenses, Billy purchased the following items for use in his + home office: Desk $ 945 Chair 425 Bookshelf 690 Laptop 2,450 Printer 825 Software 1,815 0 REQUIRED: Calculate and input all information required to complete the T125, Statement of Business Income and Expenses for Billy Bremner's 2019 personal tax return