(corporate Loss Carryovers - Four Years) Lactor Ltd. (Lactor commenced business in 2017. The company selected a calendar based taxa- tion year that ends on December 31 of each year Lactor's operations involve a dairy substitute to appeal to a growing number of children who are allergic to cow's milk. The company experi- enced a slow start in 2017 with small losses that quickly reached high profits in both 2018 and 2019 but only to experience debilitating losses in 2020. The company is uncertain of whether it will be able to continue into 2021. A relevant factor for the company's ability to survive is determining its income tax obligations, which depend on the ability to efficiently utilize losses it has incurred with the goal of minimizing its Taxable income. The company has asked for your assistance and provided you with the following information: 2017 2018 2019 2020 Business Income (Loss) ($ 75,000) $38,000 $ 178,000 ($200,000) Net Capital Gains (Losses) 10,000 ( 27,000) ( 9,000) 23,000 Dividends Received 11,000 21,000 33,000 42,000 Charitable Donations 25,000 15,000 20,000 14,000 All of the dividends have been received from taxable Canadian corporations and are therefore deductible to Lactor through ITA 112 in determining Taxable income. It is the policy of the com- pany to minimize its net capital loss carry forward balance first then donations second and non- capital losses last. Required: For each of the four years calculate and determine: The minimum net and taxable income including the amount and type of any unused losses that are available to carry to other years. Apply any loss carryovers to the maximum extent possible to minimize Taxable income in each year and then determine the loss carryover balances remaining that are available to carry to other years. Losses that are carried back require amending the previous year returns. Clearly indicate any year returns that require amending as a result