Modified problem 9.6from page 501 of the textbook, which now reads: "A consumer electronics company was formed in Saskatoon, Saskatchewan, to manufacture and sell GPS units for car. The company purchased a warehouse for $500,000 and converted it into a manufacturing plant. It completed installation of assembly equipment worth $1, 500,000 on January 31. The plant began operation on February 1. The company had a gross income of $2,000,000 for the calendar year. Manufacturing costs and all operating expenses, excluding the capital expenditures, were $1, 180,000. The CCA expenses for capital expenditures amounted to $118,000. (a) Compute the taxable income of this company. (b) Using the tables from Lecture Slides 30-5 and 30-6 (i.e., Table 9.1 on page 487 and Table 9.2 on page 488 of the textbook), calculate the amount of income taxes that the company will pay for the year