Question 1 Dare2Dream Donuts Inc. (D2DD) is a CCPC owned by Alec & Isla Smook. As their tax advisor, you are currently completing D2DD's corporate tax return, and have calculated taxable income as follows: 3(a) Business income Property income - interest 3(b) Net taxable capital gain Net income for tax purposes Less Net capital loss carryover Taxable income $ 1,021,000 23,000 95,000 1,139,000 50,000 $ 1,089,000 D2DD had taxable capital in the prior year of $11,300,000. Assume the M&P deduction is available on $100,000 of D2DD's income. Required Calculate D2DD's Part I tax payable, including ART