Mark and George Cooper are brothers with extensive experience in practicing law. Until recently, they have each worked for separate firms in the Regina region. After years of urging from their mother, they have concluded that they could significantly improve their incomes and the quality of their client base if they work together in a partnership arrangement. As a result, as of January 1, 2020, they begin practicing law for the Cooper \& Cooper Partnership. Mark will be entitled to a salary of $60,000 per year, while George's salary will be $40,000. In addition, George will receive interest at 5 percent on his average capital balance for the year. The salary and interest amounts are withdrawn by the partners during the year. Due to large rental loss carry forwards that each brother is claiming, neither partner has Taxable Income that will be taxed federally at 33 percent in 2020. Subsequent to the priority allocations for salaries and interest, any residual Net Business Income will be allocated 65 percent to Mark and 35 percent to George. Capital Gains - As George has contributed the majority of the partnership initial capital, he will be entitled to all capital gains that are recognized by the partnership. Dividends - Any dividends received by the partnership will be split equally between the two partners. For the year ending December 31,2020 , their results, prepared on a GAAP basis, are as follows: Cooper \& Cooper Partnership Income Statement Year Ending December 31, 2020 Revenues $862,465 Expenses: Salaries To Staff ($123,656) Office Rent (63,964) Office Supplies (8,434) Amortization Expense (Note 1) (26,360) Business Meals And Entertainment (16,432) Charitable Donations (Note 2) (3,850) Interest On George's Capital Contribution (4,780) Salary To Mark (60,000) Salary To (60,000) George 40,000)(347,476) Net Business Income Other Income: Gains On Sales Of Common Stock (Note 3) $16,848 Eligible Dividends Received 9,432 26, 280 Accounting Net Income $541,269 Note 1 - Accounting amortization is based on generally accepted accounting principles. The brothers intend to deduct maximum CCA of $32,164. Note 2 - The charitable donations will be allocated on the basis of one-half of the total to each brother. Note 3 - The accounting gains on sales of common stock are equal to the capital gains on these sales. The brothers have decided to use the ITA 34 election to report Taxable Income on a billed basis. The revenues in the Accounting Net Income include $33,763 in unbilled work in process. As this is their first year of operation, there was no unbilled work in process balance on January 1. Required: A. Calculate the amounts of income from the partnership that would be included in the Net Income For Tax Purposes of each of the two brothers. B. Indicate the amount of any federal tax credits that each of the two brothers would be entitled to as a result of allocations made by the partnership at December 31 , 2020