Spring limited is a canadian conrolled private corporation (CCPC) throughout the year and is associated with Summer Limited. spring limited and summer limited have agreed to allocate 300,000$ of the annual business limit to spring limited. net income for tax purposes for its taxation year ended dec 31, 2019 is $500,000 consisting of the following

Dividends from taxable canadian corporations $72,000

canadian active business income $400,000

foreign non-business income $28,000

(before witholding tax of 10%)

Spring limited received a foreign tax credit against federal tax payable that is equal to the amount of foreign tax withheld. spring limited has a non capital loss carry forward of $145,000 which it intends to deduct during 2019.

Required: determine small business deduction for the year ending dec 31 2019 ( show all calculations including those for nil)