Cody Jewel is an accountant who has not incorporated his professional practice. The practice has a December 31 year end. Cody carries on the business of a professional practice in a building that he owns. He pur- chased the building in 2018 for $550,000, with the estimated value of the land at that time being $125,000 and the remaining $425,000 attributable to the building. Cody's practice occupies 100% of the building and, because it was a new building when he acquired it, he has elected to place it in a separate class 1. On January 1, 2021, the building has a UCC of $380,000. Because he is attracting an increasingly wealthy clientele, Cody has decided to upgrade his office. During February 2021, he replaces all of his old furniture and fixtures. The old furniture and fixtures had a capital cost of $65,000 and an opening UCC of $41,000. It is all sold for $22,000. The new furniture and fixtures have a capital cost of $136,000. Other property acquisitions during 2021 are as follows: New computer $1,800 Applications software 2,700 Client list from retiring accountant 32,000 Because he has started to provide in-home services for many of his clients, he has an auto- mobile that is used largely for this purpose. Cody purchased the automobile for $56,000 on January 1, 2021. The automobile is not a zero-emission vehicle. During 2021, it is driven a total of 23,000 kilometres, of which 21,000 kilometres relate to business use and only 2,000 kilo- metres for personal use. Operating costs for the year totalled $4,140. Other 2021 costs of carrying on the business, determined on an accrual basis, are as follows: Building operating costs $18,600 Payments to assistants 31,200 Miscellaneous office costs 9,400 Meals with clients 10,500 Revenues for the year ending December 31, 2021, were $224,000. Required: Calculate the minimum business income Cody would include in his 2021 personal income tax return. In preparing your solution, ignore GST/HST & PST considerations