stion 4 Starfare Ltd. is a Canadian controlled private corporation. During the taxation year ending December 31, 2020, the Company has the following amounts of property income: Business Income 214,750 17,600 Net Rental Income Capital Gains. 91,500 41,300 Dividends From Portfolio Investments Interest On Long-Term Investments 17,450 REQUIRED: Calculate the Company's 2020 Net Income For Tax Purposes, Part I tax and Part IV tax. The Company has available a net capital loss carry forward of $24,000 [(1/2)($48,000)], which is deducted from Taxable income. The small business annual limit is identified as $500,000. Corporate provincial tax rates are 4% for amounts eligible for the small business deduction and 12% for all other income, Determine the refundable amount of Part I tax for the year ending December 31, 2020. 5 Bonus marks for determining the maximum dividend to issue to take full advantage of the dividend refund. stion 4 Starfare Ltd. is a Canadian controlled private corporation. During the taxation year ending December 31, 2020, the Company has the following amounts of property income: Business Income 214,750 17,600 Net Rental Income Capital Gains. 91,500 41,300 Dividends From Portfolio Investments Interest On Long-Term Investments 17,450 REQUIRED: Calculate the Company's 2020 Net Income For Tax Purposes, Part I tax and Part IV tax. The Company has available a net capital loss carry forward of $24,000 [(1/2)($48,000)], which is deducted from Taxable income. The small business annual limit is identified as $500,000. Corporate provincial tax rates are 4% for amounts eligible for the small business deduction and 12% for all other income, Determine the refundable amount of Part I tax for the year ending December 31, 2020. 5 Bonus marks for determining the maximum dividend to issue to take full advantage of the dividend refund