KM Ltd. is a Canadian-controlled private corporation, operating a small gift store in Vancouver. Thecompany has a December 31st year-end. KM's financial statements reported net income beforetaxes of $210,000 in 20x0.Financial information relating to 20x0 is as follows:

Land adjacent to the gift shop was purchased with a $75,000 bank loan during the year to allow foran outdoor sales area during warm weather. Interest expense on the loan for the year was $9,600,and the appraisal fee to finance the loan was $1,000. Both the interest and the appraisal fee wereexpensed by KM in 20x0.

The company hired a contractor to landscape the land. The $5,000 bill for the landscaping was paidin full during the year and capitalized on KM's Balance Sheet.

During the year, a new display case worth $2,000 was purchased and expensed on the books.

Amortization expense of $21,000 was deducted during the year. Total CCA (following anyadjustments) for the year was $16,000 and is not reected in the financial statements

The following were also expensed during the year

Determine KM Ltds income for tax purpose for 2019!!!!!!!!!!

Golf dues for employees A reasonable reserve for bad debt $5,000 $2,000 On December 304, KM's president announced a bonus to be paid to the company's key employee in the amount of $5,000, which was expensed that day. The employee will receive the bonus in 20X1 in equal payments of $2,500, to be issued on January 30th and July 30th. Required: Determine KM Ltd.'s net income for tax purposes for 20x0. Golf dues for employees A reasonable reserve for bad debt $5,000 $2,000 On December 304, KM's president announced a bonus to be paid to the company's key employee in the amount of $5,000, which was expensed that day. The employee will receive the bonus in 20X1 in equal payments of $2,500, to be issued on January 30th and July 30th. Required: Determine KM Ltd.'s net income for tax purposes for 20x0