Charlie's Dinner Inc., a pet store, was incorporated on January 1, 2021. The following information about Charlie's accounting and taxable income for the year ended December 31, 2021 follows:

Accounting income before taxes	$250,000
Items included in accounting income before taxes:
Dividends received from another Canadian company	50,000
Golf club membership dues	5,000
Meals and entertainment expenses	12,000
Depreciation expense	90,000
Warranty expense	25,000
Deductions available for taxes
CCA	100,000
Warranty costs incurred	20,000

The company purchased $900,000 of depreciable assets at the beginning of 2021, and uses straight-line depreciation over 10 years useful life.

The company has a corporate tax rate of 18%.