. Blue Skies Ltd. had the following sources of income and deductions for the current year. As well, it has a net capital loss carryover from two years ago of $4,000. Dividend from taxable Canadian corporation $ 45,000

Capital gain on sale of land and building 6,000

Business income per financial statements 350,000

Charitable donations deducted in determining business income above 5,000

What is the minimum taxable income for Blue Skies for the year?

a) $297,000

b) $345,000

c) $350,000

d) $352,000