London Supplies is a business carried on by John Forthwell as a sole proprietorship. For the fiscal period ending December 31, 2023, John has determined that the business income for decounting purposes is $87,000 which is calculated used ASPE. Other Information: 1. In determining accounting business income, John deducted $33,200 in amorization expense and would be eligible to claim maximum CCA of $43,500. 2. Accounting expenses included a reserve for doubtful debts of $4,500 and a reserve for inventory obsolescence of $8,500. The method for determining doubtful debts for accounting purposes is the same as that used for income tax purposes. 3. During the year, London Supplies spent $5,300 for landscaping the grounds around ils Winnipeg office. The amount was capitalized for accounting purposes. Since the expenditure was made late in the year no amortization was deducted for the current year. 4. Accounting expenses included $12,000 in business meals, as well as $2,500 in charitable donations. 5. The business spent $3,500 for advertisements on a U.S. radio station. As the station is on the border with Manitoba, the audience for this station is largely Canadian residents: 6. John spent $6,200 for advertising circulars, charging the full amount to expense. Al December 31, 2025, one-half of the circulars were still on hand. 7. One of John's employees stole cash in the amount of $1,100. As the individual has left town, this amount is unlikely to be recovered. 8. The following additional items were included in the accounting expenses: Cost ol sponsoring local hockey team Interest on buiding mortgage: Appraisal costs on land to be sold Damages resulting from breach of contract. Had the conroct been Dtilled the amounts would nave been business income. $ 2,100 6,300 2.100 1,400 9. Also included in the accounting expenses were $2,000 in fees paid to John's 16 year old son for creating and maintaining the website of London supplies, in determining the amount to pay, John found that it would have cost at least $3,000 to obtain the couiveient services liom on extemal consutont Required: Calculate the minimum 2023 business income for John Forthwell.