im looking for the value for finders fee for a loan to finance equipment. and if you could check all the other entries are correct or not. thank you.

30,800 Ava Miller has just completed the second year of operating her veterinary clinic You have been retained by Ava for tax assistance and advice. At a recent meeting, you gathered Information on her practice, which is presented below, For the year ended December 31, 2021, the clinic showed a profit of $136100, as follows: Professional service $ 353,100 Gross profit from surgical instrument sales $ 383,900 Administration and other expenses (251,100) 132,800 Interest income 3,300 Net income $ 136, 10e Included in the above is depreciation/amortization expense of $25,300 on fixed assets and amortization of development costs of $3,300 related to the metal alloy research Additional Information for 2021 is outlined below 1. On February 28, Ava purchased a competitor's business and merged it with her own. The following assets were acquired $19,800 Equipment 55,000 2. During the year, Ava designed and patented a new surgical Instrument on July 1. a legal fee of $4,400 was incurred in applying to the federal government for the patent registration (life of 20 years, this amount is included in administration expenses in October $16,500 was spent on consultants to research metal alloys, and this cost is being amortized over five years as development costs in Truck the financial statement 3. Some of the items included under administrative and other expenses are as follows: Group life insurance for office staff $1,200 3. Some of the items included under administrative and other expenses are as follows. Group life insurance for office staff $1,200 Christmas gifts to staff (under $200 each) 1,5ee Dues to golf club (for employee) 1,3ee Meals and drinks for clients 400 Books (15-volume set on veterinary medicine) 3,300 Interest on car loan (six months) 2,300 Finder's fee for a loan to finance equipment 1,100 4. Vehicle costs include operating costs of $2,600 for the automobile (including $400 for car parking). The automobile was driven 24,000 km of this, 12,000 km was for customer travel, 2,000 km was for travel between her home and the clinic, and 10,000 km was for personal travel 5. Ava expects that a number of the new manufactured surgical instruments will be returned for modification, which she will do at no extra cost to the customer. The income statement includes a $2,200 deduction based on her estimate of the returns. As of December 31, $900 of costs were incurred for returned items 6. Ava moved from rented premises to new rented premises on February 28, with 20 months remaining on the old lease. The landlord accepted a payment of $8,800 in exchange for cancelling the lease. The accounting records have amortized this cost over the remainder of the lease term and accordingly have deducted $4,400 as rent expense. 7. Capital cost allowance (CCA) for tax purposes has been correctly calculated as $16,500 Required: Determine Ava's business income for tax purposes for 2021 taxation year Required: Determine Ava's business income for tax purposes for 2021 taxation year lo $ Net Income per financial statements Interest Income Depreciation of Fixed Assets "Amortization of development costs Research and development - actual Dues to golf club Moals and drinks for clients Books (15-volume set on veterinary Medicine) Car loan interest expense Finders fee for a loan to finance equipment Car operating expense Reserve for Retur Sales Return sales - Actual Rent Expense Capital Cost Allowance Net Income from Business for Tax purposes $ $ $ $ $ 136,100 (3,300) 25,300 3,300 (16,500) 1,300 200 3,300 2,300 $ S $ $ $ S 1,100 2.200 (900) (4.400) (16,500) 133,500 30,800 Ava Miller has just completed the second year of operating her veterinary clinic You have been retained by Ava for tax assistance and advice. At a recent meeting, you gathered Information on her practice, which is presented below, For the year ended December 31, 2021, the clinic showed a profit of $136100, as follows: Professional service $ 353,100 Gross profit from surgical instrument sales $ 383,900 Administration and other expenses (251,100) 132,800 Interest income 3,300 Net income $ 136, 10e Included in the above is depreciation/amortization expense of $25,300 on fixed assets and amortization of development costs of $3,300 related to the metal alloy research Additional Information for 2021 is outlined below 1. On February 28, Ava purchased a competitor's business and merged it with her own. The following assets were acquired $19,800 Equipment 55,000 2. During the year, Ava designed and patented a new surgical Instrument on July 1. a legal fee of $4,400 was incurred in applying to the federal government for the patent registration (life of 20 years, this amount is included in administration expenses in October $16,500 was spent on consultants to research metal alloys, and this cost is being amortized over five years as development costs in Truck the financial statement 3. Some of the items included under administrative and other expenses are as follows: Group life insurance for office staff $1,200 3. Some of the items included under administrative and other expenses are as follows. Group life insurance for office staff $1,200 Christmas gifts to staff (under $200 each) 1,5ee Dues to golf club (for employee) 1,3ee Meals and drinks for clients 400 Books (15-volume set on veterinary medicine) 3,300 Interest on car loan (six months) 2,300 Finder's fee for a loan to finance equipment 1,100 4. Vehicle costs include operating costs of $2,600 for the automobile (including $400 for car parking). The automobile was driven 24,000 km of this, 12,000 km was for customer travel, 2,000 km was for travel between her home and the clinic, and 10,000 km was for personal travel 5. Ava expects that a number of the new manufactured surgical instruments will be returned for modification, which she will do at no extra cost to the customer. The income statement includes a $2,200 deduction based on her estimate of the returns. As of December 31, $900 of costs were incurred for returned items 6. Ava moved from rented premises to new rented premises on February 28, with 20 months remaining on the old lease. The landlord accepted a payment of $8,800 in exchange for cancelling the lease. The accounting records have amortized this cost over the remainder of the lease term and accordingly have deducted $4,400 as rent expense. 7. Capital cost allowance (CCA) for tax purposes has been correctly calculated as $16,500 Required: Determine Ava's business income for tax purposes for 2021 taxation year Required: Determine Ava's business income for tax purposes for 2021 taxation year lo $ Net Income per financial statements Interest Income Depreciation of Fixed Assets "Amortization of development costs Research and development - actual Dues to golf club Moals and drinks for clients Books (15-volume set on veterinary Medicine) Car loan interest expense Finders fee for a loan to finance equipment Car operating expense Reserve for Retur Sales Return sales - Actual Rent Expense Capital Cost Allowance Net Income from Business for Tax purposes $ $ $ $ $ 136,100 (3,300) 25,300 3,300 (16,500) 1,300 200 3,300 2,300 $ S $ $ $ S 1,100 2.200 (900) (4.400) (16,500) 133,500