Joan Corp. has just completed its $2023$ taxation year ending December $31.$ Using ASPE, the accountant has determined that, the Company has experienced a business loss of $$123,000$ before income tax and amortization expense. The accountant provides the following information that was used in the determination of the accounting loss:$1.$ The Company was forced to pay damages of $$15,300$ for failure to perform a service contract. The amount was paid when the client threatened to bring action for breach of contract. The $$15,300$ was expensed in the current year$\mathrm{.}2.$ The Company's property tax expense of $$19,500$ includes an amount of $$1,100$ that was paid to a regional municipality in which the Company maintains a fishing lodge for its employees$\mathrm{.}3.$ The Company's expenses include donations to registered charities of $$13,700\mathrm{.}4.$ The Company's expenses include costs of new landscaping at their administration building in the amount of $$9,800$all of which was paid in the year$\mathrm{.}5.$ Ihe Company deducted a loss of $$10,100$ resulting from a theft by one of its clerical employees$\mathrm{.}6.$ Effective December $31,2023,$ as the result of a change in its distribution system, the Company was forced to cancel a tenant's lease that would have been in force until January $1,2030.$ During the $2023$ taxation year, the Company agreed to pay, and deducted, damages in the amount of $$17,000.$ On December $31,2023,$ $$5,000$ of this amount had not been paid$\mathrm{.}7.$ The current salary expense included a bonus payable to the Company's president in the amount of $$14,500.$ It will be paid on February $1,2024\mathrm{.}8.$ The insurance expense included the premium on a whole life policy on the life of the president's spouse in the amount of $$9,500.$ This was not a group life policy and the Company is the beneficiary of the policy$\mathrm{.}9.$ As the Company changed property and casualty insurers during the year, all of its assets had to be appraised. The cost of this appraisal was $$4,150,$ with the entire amount being expensed in the year$\mathrm{.}10.$ The Company's wage expense included $$51,000$ in management bonuses $($other than that of the president described in item $7)$ that will not be paid until May $1,2024.$ In addition, $$34,000$ in bonuses, which were deducted for both income tax and accounting purposes in $2022,$ were paid in March, $2023\mathrm{.}11.$ Bad debt write$-$offs amounted to $$11,000\mathrm{.}12.$ Renovation costs in the amount of $$153,000$ were charged to expense during the year. This amount resulted from the need to completely renovate one of the Company's offices and involved the installation of plumbing and air conditioning systems, as well as rewiring and installation of new concrete foundations$\mathrm{.}13.$ The president and his spouse attended a convention that resulted in $$5,200$ in travel expenses for the Company. Of this amount, $$1,900$ related to the fact that the president's spouse chose to accompany him on this trip when her attendance was not required$\mathrm{.}14.$ The Company's interest expense included bond discount amortization in the amount of $$950.15.$ The Company's legal expenses for the year amount to $$10,500$ and were related to the following transactions:Defense of breach of contract $($see item $1)$$$2,450$Cost of amending articles of incorporation$3,600$Defense costs related to income tax reassessment$4,45016.$ The Company's expenses included a total amount of $$12,500$ for business meals and entertainment$\mathrm{.}17.$ The Company's calculations for CCA have not yet been completed for the $2023$ taxation year.Required: Compute the Company's $2023$ business income before the consideration of CCA. Indicate why you have not included any of the preceding items in your calculations. Ignore immediate expensing and any GST$/$HST and PST considerations.