CORPORATE TAX PAYABLE- PART I TAX Zenox Ltd. is a CCPC with all of its business located in Saskatchewan. Sharon Zenox is the sole shareholder of the company. The Company has a 2018 non-capital loss balance of $54,000 which it intends to claim in 2021. Zenox's 2021 net income is $545,000. This is made up of $523,000 in active business income and $22,000 in dividends from various Canadian public companies. The Company also donated $46,000 to a registered Canadian charity in 2021. Zenox Ltd. is associated with one other CCPC. The two companies have agreed that each company will be allocated half of the annual business limit. The combined Taxable Capital Employed In Canada (TCEC) of the two companies is less than $10 million in both 2020 and 2021. The combined Adjusted Aggregate Investment Income (AAII) of the two companies was $36,000 in 2020. Required: Determine the minimum 2021 taxable income and Part I income tax payable. Show all calculations, whether or not they are necessary to the final solution