Multi Enterprises Ltd. is a Canadian-controlled private corporation whose fiscal period coincides with the calendar year. For the year 2021, the company's taxable income was calculated as follows: Income from distributing net of CCA. Dividends from taxable corporations: $220,000 (a) connected corporation, dividend payment triggering a dividend refund from its non-eligible RDTOH of $2,750 to the wholly owned subsidiary (b) non-connected corporation (portfolio dividends) (eligible) .... Taxable capital gain (non-active). 11,0000 20,000 $29,000 Allowable capital losses.... 12,000 17,0000 Royalties.... 9,000 Recapture of CCA on disposal of sales equipment 4,0000 Income from rental of an apartment building (no full-time employees and tenants provide virtually all of their own services) 14,0000 Interest charged on accounts receivable.. 5,0000 Net income for tax purposes. $300,000 Less: net capital losses carried over. $ 7,000 non-capital losses carried over. donations .... 10,000 26,000 dividends from taxable Canadian corporations 31,000 74,000 $226,000 Taxable income.. At December 31, 2020, there was a nil balance in both the eligible and non-eligible refundable dividend tax on hand accounts. The company paid $72,000 in non-eligible dividends during 2021 to individual shareholders. The company is not associated with any corporation and has a permanent establishment in New Brunswick. You have been asked to: (A) Compute the federal Part I tax and assumed provincial tax at a 4% rate on active business income eligible for the small business deduction and 12% for all other income. Show in detail the calculation of all deductions in the computation, using a separate schedule for each special deduction. For purposes of the small business deduction, assume investment income earned in the prior year is the same as the amount earned in the current year. In calculating the small business deduction list all ineligible items of income, if any, and indicate the amount of the business limit available for the subsidiary.