REQUJRED: (3) Calculate the minimum amount of net income for tax purposes and the minimum amount of taxable income of Handy Appliances Ltd. for the year. Show all calculations. (b) Calculate net federal and BE. income taxes payable of HANDY for the year. Assume net income and taxable income are $229300 and 314?,850 respectively. (Non active income is to be determined omthe information given). Further assume that for purposes of the small business deduction= Handy shares the business limit with Iron Rulers Ltd which is an associated corporation Handy's allocated business limit is $100.000