[ITA: 18(1)(b), (e), (1), (n); 19(1); 20(1)(a), (e), (cc), 20(10), 67.1, 67.6] Central Products Ltd., which sells goods Canada-wide, is in the process of completing its 2020 financial statements and tax return. A junior accountant has given you a list of items that he does not know how to treat for tax purposes: 1. Purchase price of a patent giving the company exclusive rights to manufacture a product $120,000 2. Cost of annual dues to a golf club for three senior salespeople to entertain existing and potential customers 8,000 3. The union contract expired four months before the year end and bargaining is still in process. A 3% wage increase is expected, and the company has recorded a reserve to cover the four-month period 60,000 4. Legal fees paid for making a representation to a provincial government against a proposal to introduce a payroll tax 15,000 5. Donations paid to a registered charity 10,000 6. Advertising in a foreign trade newspaper that was distributed to Canadian customers 4,000 7. Travel costs (airfare and lodging) for a senior executive to visit a Foreign supplier to inspect and sign a purchase agreement for a new manufacturing machine. The machine was delivered and used in 2020 3,000 8. Legal, accounting, and printing costs to prepare a prospectus offering common shares for sale to the public 32,000 9. Cost for attending three conventions during the year. Convention #1 ($750) in Vancouver was in July 2020. Conventions #2 in Calgary ($1,350) and #3 in Toronto ($1,050) were both in December 2020. Each convention includes a cost of $100 for meals. 3,150 10. Interest for late payment of municipal property tax for the warehouse 500 11. Christmas gifts to staff (under $100 each) $1,200 12. Hockey tickets to entertain customers $2,000 Required: For each of above items advise whether or not it is deductible in calculating Income from Business and how much and provide the Income Tax Act reference in support.