Meals and entertainment .................................... . $11,500 Golf club memberships ...................................... . 10,000 Utilities service connection ................................... . 1,000 Charitable donations ........................................ . 5,000 Bonus declared but unpaid ................................... . 20,000 (3) General and administrative expenses include: Provincial payroll taxes ...................................... . $ 1,000 Depreciation .............................................. . 29,000 (4) Other income includes: Gain on disposal of truck (proceeds of $10,000; net book value of $7,500) 2,500 Interest income ........................................... . 3,000 Dividends from taxable Canadian corporations .................... . 1,500 Volume rebates ............................................ . 2,000 (5) The truck sold during the year had an original cost of $15,000. A replacement truck was purchased in the year at a cost of $20,000. (6) The corporation has operated from leased premises since 2018 when it spent $30,000 on infrastructure during the first year of a five-year lease with two three-year renewal options. During 2020, improvements were made to the premises at a cost of $6,000. (7) In 2020, the corporation purchased goodwill for $36,000 and an indenite-term licence for $20,000. The corporation had not purchased any intangible assets prior to 2020. The 2019 T2 Schedule 8 prepared by the corporation indicates that at December 31, 2019, the corporation had the following undepreciated capital cost balances: Ofce equipment .......................................... . $43,000 Trucks .................................................. . 64,000 Leasehold improvements ..................................... . 24,375 The bonus remained unpaid on May 15, 2021 when the 2020 corporate tax return was being prepared