During the current taxation year, KT Ltd., a Canadian-controlled private corporation located in Nova Scotia earned $176,000 of active business Income. In addition, the company made the following capital transactions: Gain on sale of shares of a public corporation Loss on shares of a public corporation $52.000 (22.000) -56 At the end of the previous taxation year, the following unused losses were available for carry-forward: Net capital losses Non-capital losses $30,000) (52,000) Required: For the current taxation year of KT Ltd., calculate (1) net income for tax purposes. (2) taxable income, and (3) total federal income tax 1 Net income for tax purposes 2 Taxable income Federal tax 3 Total Federal Income Tax