Sardo Ltd. is a CCPC through the 2020 taxation year. It has a December 31 year end and is not associated with any other companies. Its $422,000 Net Income For Tax Purposes is made up of the following components: Active Business Income $375,000 Dividends From Taxable Canadian Corporations 15,000 Foreign Non-Business Income (100%) 32,000 The foreign jurisdiction withheld $3,200 from the foreign non-business income. The Company receives a credit against federal Tax Payable for this amount. The Company has a non-capital loss carry over of $96,000 that it intends to deduct during 2020. Required: Determine Sardo's small business deduction for the year ending December 31, 2020