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Tess asked you for help with the calculation of net taxable income of SSI for 2019. SSI calculated its GAAP income for 2019 as follows:

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Tess asked you for help with the calculation of net taxable income of SSI for 2019. SSI calculated its GAAP income for 2019 as follows: Revenue $ 1,500,000 Other Income 58,000 A Expenses COGS $ (800,000) B (300,000) Selling and Administrative Costs Amortization Expense Other Expense Income Before Income Tax Expense (50,000) L(25,000) D $_(1.175,000 E $ 383,000 $I_(50,000) $ 333,000 Income Tax Expense Net Income Notes: Includes $10,000 capital gain from sale of intellectual property to fund equipment purchases B Includes $5,000 inventory write down adjustment. Income Tax Expense Net Income $ (50,000) $ 333,000 Notes: Includes $10,000 capital gain from sale of intellectual property to fund equipment purchases. B Includes $5,000 inventory write down adjustment Includes: $ 8,000 in meals and entertainment $ 10,000 in club memberships $ 5,000 on employee health counselling. D SSI'S CCA for the year was calculated as $40,000 E Includes: $ 500 Donation to a registered environmental protection charity. $1,000 environmental penalty for improper disposal of a broken solar panel. Required: For 2019: Calculate SSI's 2019 minimum Net Income For Tax Purposes (NIFTP); Explain any adjustments to GAAP income and any amounts that are unadjusted

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