Determine small business deduction for the year ending December 31, 2020.

Sardo Lid. is a CCPC through the 2020 taxation year. It has a December 31 year end and is not associated with any other companies. Its $422,000 Net Income for Tax Purposes is made up of the following components: Active Business Income $375,000 Dividends From Taxable Canadian Corporations 47,000 The Company has a non-capital loss carry over of $96,000 that it intends to deduct during 2020. Determine Sardo's small business deduction for the year ending December 31, 2020