Condor Enterprises Ltd.s Statement of Income for accounting purposes reflects a deduction of $15,000 for professional fees during its December 31, 2020 taxation year. This amount is comprised of the following:

Legal fees for patent registration $ 5,500

Legal fees to prepare a mortgage for a 4-year bank loan 4,000

Appraisal fees to determine the value of real property sold 3,500

Legal fees to collect delinquent accounts receivable 2,000

Given only this limited information, by what amount is Condor Enterprises Ltd.s net income after tax (NIAT) for accounting purposes INCREASED to determine its income from a business (profit) for income tax purposes for its December 31, 2020 taxation year? (2011 CPAO)

(a) $12,200

(b) $12,000

(c) $ 9,000

(d) $ 8,700