Mr. Cameron operates a sole proprietorship with a December 31 year-end. He calculated his accounting income for 2022 to be $164,000. Included in his accounting income calculation were the following items: Amortization $ 4,300 Wages to part-time assistant 9,800 Client meals and entertainment expenses 6,000 Sponsorship of local junior high soccer team 2,000 Loss on sale of equipment 2,500 Penalty on late filing of income tax return 300 Other information: 1. CCA for the year was calculated to be $4,900. 2. The equipment sold was an industrial printer/photo-copier that Mr. Cameron purchased a couple of years ago for $12,000. He sold it in the current year for proceeds of $5,500 because the cost of replacing the toner was getting too high. January 1, 2022, UCC balance of this class 8 asset $6,720. Due to the nature of the asset, there were no other assets included in this category. 3. Mr. Cameron spent $2,600 on landscaping around the office area of his home to make the space more inviting to clients.

Required: A. Calculate Mr. Camerons 2022 Net Business Income. [7 pts]