Mortons Forms to be completed in the place of the assigned question AP6-5 (Brown'sForms) at noted in the Lesson NotesMorton Forms is a proprietorship owned by Viola Morton. For the taxation year endedDecember 31, 2015, Ms. Morton's daughter, Linda, who works in the business, has calculated aNet Income for Morton Forms of $193,200. In calculating this figure, Linda used generallyaccepted accounting principles.Other Information:1. During the year, Morton Forms spend $18,900 for landscaping the grounds around itsVancouver office. In accordance with generally accepted accounting principles, this amountwas treated as a capital expenditure. As the work was done late in the year, no amortizationwas deducted for the current year.2. The following items were included in the accounting expenses:a) Amortization Expense $69,300b) Cost of sponsoring local baseballteams 7,200c) Reserve for future inventoryobsolescence 15,000d) Advertising on a foreign televisionstation (directed at a Canadianmarket)9,600e) Advertising circulars (only distributed) 12,400f) Business meals and entertainment 22,000g) Charitable donations 31,900h) Loss from theft 16,200i) Interest paid on building mortgage 24,200j) Appraisal costs on land to be sold 4,200k) Damages resulting from breach ofcontract 3,8003. Also included in the accounting expenses were $4,000 in fees paid to Linda's 16 year old sonfor creating and maintaining the web site of Morton Forms. In pricing this work, Viola foundthat it would cost at least $8,000 to obtain the equivalent services from an outside consultant.4. Maximum CCA has been determined to be $94,200 for the taxation year ended December31, 2015.5. As the business is unincorporated, no taxes were deducted in calculating net income.Required:Calculate the minimum net business income for Morton forms that will be included in ViolaMorton's tax return for the year ending December 31, 2015. Indicate your rationale for thetreatment of all information given. Include page references to your text for support of youranalyses.