Fayette Distribution is the registered name of a business, carried on by Jason Fayette as a sole proprietorship, that distributes a wide variety of health aid products to retailers. The fiscal period of the business is calendar-based (i.e. January 1 to December 31). Jason's spouse, Jude Fayette, is an avid golfer with no interest or experience in business matters. For the taxation year ending December 31, 2023, the accountant calculated a pre-income tax accounting income for Fayette Distribution of $272,600. In calculating this amount, Mr. Fayette's accountant relied on ASPE, except for the fact that no provision was made at the end of the year for anticipated doubtful debts.

Required :Calculate the minimum 2023 business income for Fayette Distribution.

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Fayette Distribution is the registered name of a business, carried on by Jason Fayette as a sole proprietorship, that distributes a wide variety of health aid products to retailers. The fiscal business is calendar-based (i.e. January 1 to December 31). Jason's spouse, Jude Fayette, is an avid golfer with no interest or experience in business matters. For the taxation year ending December 31 , 2023 , the accountant calculated a pre-income tax accounting income for Fayette Distribution of $272,600. In calculating this amount, Mr. Fayette's accountant relied on ASPE, except for the fact that no provision was made at the end of the year for anticipated doubtful debts. Required Calculate the minimum 2023 business income for Fayette Distribution. Additional information Start by calculating the bad debt expense adjustment for 2023. (Use parentheses or a minus sign for a negative value.)