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has calculated their Net Income Accounting Purposes to be 5:072_ The following information was Included in their calculation of Net Income for Accounting: unless otherwise indicated. They have asked you to calculate their Net Income for Tax Purposes using the Reconciliation Method. Indicate the arnount you would add or deduct to calculate Net Income Tax Purposes for 2023 _ If there is no adjustment record 0. You are only required to show the adjustnents. Do not calculate net income for tax purposes. es ofbusiness vehicles SIO 000 S120:ooo Pa ents to sales Business meals, $10,500 ooo Insurance ceeds received due to closure of lant because of a Customers paid $10,000 in advance for work to be done next year. This was included m Ad ustment 10 ooo 120,000 -25 ooo Income _ Advertism eclatlon Amortization sez S6:000_ At ear-end 1/3 offis amount had not been used. SSS:OOO ense OOO air to manufacturin buildm that will extend the life of the buil al fees for insuring assets: $2,000 A Costs of iss shares $2 500 , S130,ooo Business entertainment es, $3,000 blicatlons directed at a Canadian audience: SS:OOO US advertis- Interest on GST amount ou S300 Amortization of bond discount, $800 Bonus payment S30:000_ Busmess year end is December 31. Bonus paid July 15 of foll Charitable donations Sl 000 S onsorin little lea baseball: S500 Sale of non-de reciable asset; oceeds $5,000 cost SIZOOO Interest on busmess loan, $4,000 $4,000 Sold depreciable asset: Proceeds 100 book value 50 = accounting gain of SO (cost is 105) Items not included: cc S60:ooo Termmal loss SS 000 Landsc costs ca talized for accountin $35,000