Pug Inc. is a CCPC with a December 31 taxation year end. The following information relates to the 2021 taxation year.

1. The Company had Canadian source active business income of $250,000. Of this total, it was determined that $120,000 qualified as M&P profits.

2. Net income for 2021 is $230,000. This is made up of the $210,000 in active business income, the $5,000 in interest income from investments, and $15,000 in taxable capital gains.

3. Because of a $20,000 2019 non-capital loss balance that was claimed, taxable income is $210,000.

4. The Company shares the annual business limit for the small business deduction with two other companies. Epic's allocated share of the business limit is $100,000.

Required: Calculate the Part I income tax payable for the 2021 taxation year. Show all of the calculations used to provide the required information, including those for which the result is nil.