Foster Distribution is the registered name of a business, carried on by Joequin Foster as a sole proprietorship, that sistibutes a wise variety of healh aid products to retailern Joacquin's spouse, Jude Foster, is an avid goller with no interest or experlence in bucheses malters For the taxation year ending Docember 31 , 2022, the acceuntant calculatod a pre-income tax accounting income for Foster Distribution of 3273,300 . In calculating this amount, Mr. Fostor's accountant refod on ASPF, except for the fact that to preninion it made at the end of the year for anticipated doubtful debts Verw. ihe itdditiocit information. Requuired Calculate the minimum businens income for Foster Distribution that wil be inckided in Mr Fosters income lor the 2022 taxalion year Foster Distribution is the registered name of a businoss, carried on by Joaquin Foster as a sole proprietorship, that tistritudes a wide variety of health aid products to retailers Find the minimum business income for Foster Distribution that wil be included in Mr Foster's income. (Round your anwwern to the nearest vitole dottar.) Accounting incorbe as reported Additions Item 2-Amortization Item 3 - Cost of advertising in foreign newspaper Donations to charities Cost of real estate appraisal Cost of landscaping Mrs. Foster's management fee Subtotal Deductions: Item 1-Bad debt expense adjustment Item 2-CCA (given) Business income Additional information Other information related to the 2022 taxation year is as follows: 1. In 2021, a reserve for doubtful debts was claimed for income tax purposes in the amount of $15,200. For accounting purposes, only the actual 2022 write-offs of $17,800 were deducted. The accountant felt that an appropriate reserve to be deducted for income tax purposes at the end of 2022 would be $18,900. 2. Accounting income included a deduction for amortization expense in the amount of $78,200. The accountant has determined that the maximum CCA for 2022 is $123,300. 3. The following items were included in the accounting expenses. 4. As the business is not incorporated, no income taxes were deducted in determining net income. Foster Distribution is the registered name of a business, carried on by Joequin Foster as a sole proprietorship, that sistibutes a wise variety of healh aid products to retailern Joacquin's spouse, Jude Foster, is an avid goller with no interest or experlence in bucheses malters For the taxation year ending Docember 31 , 2022, the acceuntant calculatod a pre-income tax accounting income for Foster Distribution of 3273,300 . In calculating this amount, Mr. Fostor's accountant refod on ASPF, except for the fact that to preninion it made at the end of the year for anticipated doubtful debts Verw. ihe itdditiocit information. Requuired Calculate the minimum businens income for Foster Distribution that wil be inckided in Mr Fosters income lor the 2022 taxalion year Foster Distribution is the registered name of a businoss, carried on by Joaquin Foster as a sole proprietorship, that tistritudes a wide variety of health aid products to retailers Find the minimum business income for Foster Distribution that wil be included in Mr Foster's income. (Round your anwwern to the nearest vitole dottar.) Accounting incorbe as reported Additions Item 2-Amortization Item 3 - Cost of advertising in foreign newspaper Donations to charities Cost of real estate appraisal Cost of landscaping Mrs. Foster's management fee Subtotal Deductions: Item 1-Bad debt expense adjustment Item 2-CCA (given) Business income Additional information Other information related to the 2022 taxation year is as follows: 1. In 2021, a reserve for doubtful debts was claimed for income tax purposes in the amount of $15,200. For accounting purposes, only the actual 2022 write-offs of $17,800 were deducted. The accountant felt that an appropriate reserve to be deducted for income tax purposes at the end of 2022 would be $18,900. 2. Accounting income included a deduction for amortization expense in the amount of $78,200. The accountant has determined that the maximum CCA for 2022 is $123,300. 3. The following items were included in the accounting expenses. 4. As the business is not incorporated, no income taxes were deducted in determining net income
