Dolittle, Fishmore and Watchtv is a partnership that provides retirement planning consulting services. The partners began the business by each contributing $50,000 to start the partnership. The partnership has a December 31 year-end and for 2019, the partnership achieved the following financial results:

Revenues		$ 1,400,000
Expenses:
Staff salaries	250,000
Partner salaries ($200,000 to each partner)	600,000
Partner capital drawings (Note 1)	110,000
Interest paid to Dolittle (Note 2)	40,000
Salary bonus paid just to Fishmore	50,000
Depreciation	14,000
Donations	2,000
Total expenses	1,066,000
		334,000
Other Income
Canadian portfolio dividends		16,000
Net Income		$ 350,000

For the year, the CCA has been determined to be $24,000.

Note 1: In 2019, the partners made their first capital drawings, with each partner receiving the following amounts:

	Capital drawings
Dolittle	$ 30,000
Fishmore	55,000
Watchtv	25,000
	$ 110,000

Required:

Part A. In a concise schedule format, calculate the Partnership's net income for tax and Fishmore's net income for tax pursuant to his membership in the Partnership for 2019. You must note any items that were not considered in determining this income, ie, nil items (10 marks)

Part B. Calculate the ACB of Fishmores partnership interest after the end of 2019. (3 marks)

Part C. When will the Dolittle, Fishmore and Watchtv partnership have to file its 2019 tax return? (1 marks)