Calvin Sparky $-$ Business IncomeCalvin Sparky is an electrician operating his own business as a sole proprietorship. In recent years, he has found himself spending time more time preparing accounting and ray records and less of electrician work Sor $2023$ ray vpar he has derides tohire you, a professional accountant to prepare his tax returns this year. He provides you with the following financial items he has on his company:Revenue $-$ SalesRevenue $-$ Casino WinninesSynensesFOOdElectrician licensing feesOttice expensesGym membInsuranceity parkine intraction ticketserreriarOther information gathered through an interview with Mr$.$ Sparky$\mathrm{.}1.$ Food is only recorded when Mr$.$ Sparky is out on a job and has worked at least$4$ hours$\mathrm{.}2.$ On days not out on a job. Mr$.$ Sparky goes to the gym to keep fit as his job is physically demanding$\mathrm{.}3.$ Insurance included both business insurance and life insurance on Mr$.$ Sparky$\mathrm{.}4.$ Casino winnings were won on a business trip to Montreal.Question $111$ minIf GROSS SALES REVENUE was $80\mathrm{.}000,$ what is Calvin's Gross Sales Revenue for Business Income for tax purposes? $($Positive Numbers Only$)$Question $21$ point$4$ Listen $*$If CASINO WINNINGS was $2,200,$ what is Calvin's Casino Winnings for Businessincome for tax Durooses! Positive Numbers OnlvYour Answer:AnswerQuestion $3($ mindat Listen hF FOOD EXPENSES was $6.500$ what is Calvin's food eynenses for Businpes Incomefor tax nurnoses? Positive Number OnivYour Ansver:AnswerQuestion $41$ pointIf ELECTRICIAN LICENSING FEE was $3,250,$ what is Calvin's licensing fee for Business Income for tax purposes? $($Positive Number OnlyYOur AnswersQuestion $5(1$ point$)4$ istenIf OFFICE EXPENSES was $12\mathrm{.}650,$ what is Calvin's office expense for Business income for ray mirncses? Positive Number OnlyQuestion $6(1$ point$)$E$4$ Usten $$If TRAVEL EXPENSES was $15,000,$ what is Calvin's travel expense for Business Income for tax purposes? $($Positive Number Only$)$YOUr AnSWerSAnswerQuestion $7(1$ point$)$If GYM MEMBERSHIP FEES was $2\mathrm{.}200,$ what is Calvin's membership fees for Business Income for tax purposes? $($Positive Number Only$)$YOUr AnsWErsQuestion $8(2$ points$)$If INSURANCE EXPENSE was $3,800,$ and it includes $$400$ of life insurance premiums,what is Calvin's insurance expense for Business income for tax purposes: PositiveNumber Only$]$Your Answice:Add attachments to support your workQuestion $91$ point$4$ Usten $>$If CITY PARKING INFRACTION TICKETS was $1,000,$ what is Calvin's parking fees for Business Income for tax purposes? Positive Number OnlyQuestion $10(1$ point$)$If DEPRECIATION EXPENSE was $6,700,$ what is Calvin's depreciation expense for Business Income for tax purposes? Positive Number OnlyYour Answer:Question $111$ pointIf CCA EXPENSE was accurately calculated to be $3,400,$ what is Calvin's Capital Cost Allowance expense for Business Income for tax purposes? $($Positive Number Only$)$Question $12(3$ points$)$Assuming Calvin had a home office, $100$ square feet was his home office space, and the total area of his home is $850$ square feet. If his total eligible home expenses was $11\mathrm{.}600$ whar would he caim as hamp office eypense on his Business Inromp fortax purposes:Your Answers Capital Cost AllowanceQuestion $13(3$ points$)$SEEIA IRECheryl runs a real estate staging company $($furnishes homes to allow real estate agents to sell the homes$)$ since $2020.$ This year, she purchased new furniture costing soo, what would be the maximum CCA chim on the now furniture this tax ycar?Your Answer: Add attachments to support your workQuestion $14(8$ points$)41$ UstonJohnathan operates a delivery company since $2021.$ His old work van, which he purchased in $2021$ for $514\mathrm{.}900,$ will be traded in for $$8\mathrm{.}000$ to buy a new work van with a purchase price of $520\mathrm{.}100.$ The old work van had a ending UCC balance last year of $$7,500.$ What would be the ending UCC balance of his Class $10$ assets?Your Answer:Answer Add attachments to support your workQuestion $154$ pointeMike opened a new convenience store on January $1$ of this year. He rents retail spacewith a case of vears with a renewal period of $3$ vears and a second renewal Deriod of $2$ years after. He made leasehold improvements costing $$37\mathrm{.}500.$ What is the Mike's maximum CCA claim on leaseholds improvements?YOUr Answer: