. Leonard Inc, a publicly listed company, began operations on January 1, 2020. The following information is available regarding Leonard's December 31, 2021 fiscal year-end: On January 1, 2020, Leonard purchased equipment costing $300,000. For financial reporting purposes, it was amortized on a straight-line basis over 4 years with no residual value. For tax purposes, this asset is in Class 8 which has a 20% CCA rate and is eligible for the Accelerated Investment Incentive (All). Income before tax as reported on the 2021 income statement was $690,000 Dividends in the amount of $22,500 were received from investments in Canadian corporations in 2021. This amount was included in accounting income. These dividends are not taxable. Leonard Inc. had meals and entertainment expenses of $17,000. The tax rate was 26% for 2021 and prior years. During 2021, the federal government announced that the tax rate would be reduced to 23% for 2022 and future years. Taxable income is considered likely in all future years. . . . Required: a) Calculate taxable income and income taxes for 2021. Please complete the full DTADTL tax schedule for full marks. Show your calculations in an organized manner (7 Marks) b) Prepare the journal entries to record 2021 current and deferred income taxes in accordance with IFRS