ili. General and administirative expenses include tihe following:- Contiributions tio a registiered pension plan made montihly for tihe tiwo key employees, expensed By tihe Corporation's accountianti were as follows:- Registered Pension Plan.Employment Compensation Presidenti and CEO.. ..$42,000. ..$380,000 Stiore Manager.. .$25,600. .260,000 The pension n plan is a defined contiribution (money purchase)plan. The contiributions above were matiched by equal contiributions made by tihe employee. iv. The Company paid tihe following amountis tio Sun Insurance Limitied during tihe year;- Group tierm life insurance for tihe four full-time employees....$4,400 $200,000 tierm life insurance policy on tihe presidenti Which was included in tihe "Insurance" expense accounti.. ..1,800 $6,200 X Company is tihe beneficiary of tihe insurance policy on tihe presidentiThe tierm life insurance policy on tihe presidenti was assigned tio tihe bank as collatieral for a $500,000 loan from January. through tio Augusti 3tih.2021. The loan was repaid on Septiember 1.2021 in favour of tihe operating line of crediti. V. The following selectied information was taken from tihe "Promotions" accounti:- Charitiable donations tio tihe Unitied Way. .......$6,000 Political contiributions tio tihe local politicians. 5,000 Hockey ticketis given tio suppliers as Xmas giftis. 2,800 Meals & Entiertiainmenti by the owner..- 3,000 Golf green fees incurred while entiertiaining suppliers. 2,800 Two summer parties and one Xmas partly.. -.18,000 vi. The Company's "Professional expense" accounti included tihe following legal and accounti fees Accounting fees for year-end work, and montihly book-keeping..$20,000 Legal fees incurred tio purchase equipmenti. -4,000