Its All Too Taxing is a Canadian-controlled private corporation with net income of $500,000 on its income statement. The controller provides you with the following notes:

$1,000 of meals and entertainment expenses.

5,000 of interest and penalties on income taxes.

$200,000 of the net income pertained to dividends income received from another Canadian corporation. Calculate the taxable income of the company. Do not use $ or +/- in your answer.

depreciation was $75,000 while CCA was $90,000