Greyon Inc. operates an active business. Financial statements for the year ended December 31, 2022 report a net income before taxes of $300,000. The following additional information is provided: Greyons net income is summarized as follows: Income from business operations $ 280,000 Gain on sale of capital assets 15,000 Interest on a bond investment 5,000 Income from Financial Statements $ 300,000 During the year Greyon completed construction of a new warehouse building and its cost of $600,000 was added to the balance sheet. The cost consists of the following: Building construction $ 500,000 Heating and cooling systems 80,000 Landscaping of grounds 20,000 $ 600,000 Greyons balance sheet includes an amount for goodwill acquired from a previous business acquisition. During the year, a goodwill impairment loss of $30,000 was deducted from the income from business operations. Legal expenses, deducted in arriving at income from business operations, include $2,000 for drafting the mortgage document for the new warehouse, $1,000 to investigate a zoning limitation on the new warehouse site, and $5,000 for the audit fee. A management bonus of $60,000 was announced and accrued in September. The bonus was paid in two equal installments on January 31 and April 30 of the following year, 2023. Advertising and promotion includes $20,000 for airing a TV commercial, $30,000 for production of the TV commercial, $5,000 for club memberships in a sports-related facility to enhance business contacts and $12,000 for acquiring a permanent mailing list for seeking new customers. The income statement for the year ended December 31, 2022 includes the following items: Amortization $ 41,000 Charitable donations 6,000 Volume rebates and discounts on purchases 13,000 Architects fee for design of new warehouse building 25,000 Capital cost allowance has been correctly calculated as $58,000. Required: 1. Determine Greyons Net Income from Business for tax purposes for the 2022 taxation year. 2. Determine Greyons Net Income for Tax Purposes for the 2022 taxation year.