Required: ABC Co$.$ is a Canadian controlled private corporation owned by Ms$.$ A$.$Ms$.$ A is the president of the company. Its taxation year ends on December $31.$ For the current year, Ms$.$ A has calculated ABC Co$.\text{'}$s Net accounting income $($after Income tax expense$)$ of $xxx$,$xxx using generally accepted accounting principles.In preparation of a reconciliation to calculate ABC Co$.\text{'}$s net business income for tax purposes, indicate each of the following items' effect in the correct order $($from $"$a$"$ to $"$O$")$ as follows:$*$ An addition to or inclusion in Business income should be entered in the box as a positive number $($e$.$g$.,1000,$ do not use any other signs$).*$ A deduction from Business income should be entered in the box as a negative number $($e$.$g$,-1000,$ do not use any other signs$/$brackets$).*$ If the item would have no effect on the calculation of Business income, enter the number O in the box $($e$.$g$.,$ do not use any other signs$/$words$)\mathrm{.}1.$ The following expenses were included in the company's accounting expenses of the current year:Additional information:$2.$ Ms$.$ A has correctly calculated capital cost allowance $($CCA$)$ for the year in the amount ofIncome tax expense$$35,000[$alGolf club membership fees$22,000[$b$]$Amortization expense$50,000[$c$]$Business meals and entertainment$24,000[$d$]$Financing fees to issue shares $($show its net effect of any addition and deduction$)20,000[$e$]$Advertising on a US television station $($Directed at Ontario market$)15,000$f$]$Loss from theft $($Not uncommon in this business$)800[$g$]$Purchase of furniture for businessLegal fees accued for an actual lawsuit$18,000[$h$]$

Additional information:

$1.$ Ms$.$ A has correctly calculated capital cost allowance $($CCA$)$ for the year in the amount of $$58,000...[$k$]$

$2.$ The company spent $$26,000$ on new Landscaping Costs during the year. In accordance with GAAP, these costs were capitalized and amortized in the accounting records$[$f$]$

$3.$ The company paid $$1,200$ to GBC Insurance for the president's term life insurance policy as it was required by the bank as collateral for $$200,000$ loan, this amount was deducted in the accounting records. ABC Co$.$ plans to pay off this loan in next $2$ years....$[$m$]$

$4.$ The company made a charitable donation of $$8,000$ to a well$-$known community charity organization, this amount was deducted in the accounting records........$[$n$]$

$5.$ For Ms$.$ A$\text{'}$s mental well$-$being, she has been taking music lessons $-$ music has been her personal hobby. The company paid $$2,700$ for Ms$.$ A$\text{'}$s music lessons, and this amount was deducted in the accounting records........$[$o$]$