It is Canada Income Tax, all information approved, thank you for help!

E19-5 Trust Net and Taxable Income During the cuurent year, the Jordan family trust, an inter vivos trust, has business income of $220,000. Of this amount, $50,000 is retained in the trust, with a joint election being made to have this amount taxed in the hands of a beneficiary who qualifies for the disability tax credit. This beneficiary has no other income. The remaining $170,000 is distributed to the other beneficiaries of the trust. Business income Preferred beneficiary election Distributions to other beneficiaries Designation - amounts deemed not paid Net income for tax purposes Business loss carry forward Taxable income At the beginning of the current year, the trust had a business loss carry forward of $35,000. In order to make use of this loss, the trust designates an amount of $35,000 under ITA 104(13.1) as not having been paid during the year, Explainations: Determine the trust's Net Income for Tax Purposes and Taxable income for the current year. Briefly explain why the trust would make the preferred beneficiary election and designate amounts not paid that were paid. E19-5 Trust Net and Taxable Income During the cuurent year, the Jordan family trust, an inter vivos trust, has business income of $220,000. Of this amount, $50,000 is retained in the trust, with a joint election being made to have this amount taxed in the hands of a beneficiary who qualifies for the disability tax credit. This beneficiary has no other income. The remaining $170,000 is distributed to the other beneficiaries of the trust. Business income Preferred beneficiary election Distributions to other beneficiaries Designation - amounts deemed not paid Net income for tax purposes Business loss carry forward Taxable income At the beginning of the current year, the trust had a business loss carry forward of $35,000. In order to make use of this loss, the trust designates an amount of $35,000 under ITA 104(13.1) as not having been paid during the year, Explainations: Determine the trust's Net Income for Tax Purposes and Taxable income for the current year. Briefly explain why the trust would make the preferred beneficiary election and designate amounts not paid that were paid