RR Inc. operates an active business. Financial statements for the year ended December 31, 2019 report a net income before taxes of $300,000. The following additional information is provided:

1. RRs net income is summarized as follows:

Income from business operations	$372,700
Gain on sale of capital assets	20,000
Interest on a bond investment	6,700
Income from Financial Statements	$399,400

2. During the year RR completed construction of a new warehouse building and its cost of $600,000 was added to the balance sheet. The cost consists of the following:

Building construction	$665,500
Heating and cooling systems	106,500
Landscaping of grounds	26,600
	$798,600

3. Legal expenses include $2,600 for drafting the mortgage document for the new warehouse, $1,300 to investigate a zoning limitation on the new warehouse site, and $6,700 for the audit fee.

4. The balance sheet of RR includes an amount for goodwill acquired from a previous business acquisition. During the year, a goodwill impairment loss of $39,900 as deducted from the income from business operations.

5. A management bonus of $79,900 was announced and accrued in September 2019. The bonus was paid in two equal installments on January 31 and April 30 of the following year.

6. The income statement for the year ended December 31, 2019 includes the following items:

Amortization	$54,600
Charitable donations	8,000
Volume rebates and discounts on purchases	17,300
Architects fee for design of new warehouse building	33,300

7. Advertising and promotion includes $26,600 for airing a TV commercial, $39,900 for production of the TV commercial, $6,700 for club memberships in a sports-related facility to enhance business contacts and $16,000 for acquiring a permanent mailing list for seeking new customers.

8. Capital cost allowance has been correctly calculated as $77,200.

Required:

1. Determine RRs Net Income from Business for tax purposes for the 2019 taxation year. Assume all transactions occurred after 2018.

2. Determine RRs Net Income for Tax Purposes for the 2019 taxation year.