Jim and Stan formed a tax consulting partnership on February 1, 2018. Each partner contributed $50,000 in return for an equal share of the profits from the partnership. On January 1, 2022, Stan sold his interest to Julie for $150,000. The following is the income statement of the partnership: Gross revenue Expenses: Office expenses Rent Office salaries Charitable donations Amortization (Note 1) Meals and entertainment Jim and Stan Income Statement For the year ended December 31, 2021 $69,000 58,300 $424,400 74,300 10,600 23,300 15,000 250,500 173,900 Other income: Gain on sale of shares (Note 2) $84,800 Dividends from Canadian-resident public corporations Capital dividends 40,000 17,000 141.800 Net income $315,700 Notes: 1. Capital cost allowance (CCA) for 2021 was $40,300. 2. The capital gain for tax purposes is the same as the financial accounting gain. In 2021, each partner drew $132,000. Prior year financial statements of the partnership provided the following information for the following years ended December 31: Business income (loss) 2018 $(70,000) 2019 $127,300 2020 $159,100 Taxable capital gains Charitable donations Drawings - Jim 24,000 Drawings - Stan 24,000 12,800 4,200 48,000 48,000 8,400 60,000 72,000 Required: What is the partnership income for the year for tax purposes? (no dollar signs, round to nearest dollar)