The accounting records of Oriole Corp., a real estate developer, indicated income before income tax of $864,000 for its year ended December 31, 2023, and of $543,000 for the year ended December 31, 2024. The following data are also available. 1. Oriole pays an annual life insurance premium of $10,200 covering the top management team. The company is the named beneficiary. 2. 3. 4. 5. 6. The carrying amount of the company's property, plant, and equipment at January 1, 2023, was $1,253,000, and the UCC at that date was $992,000. Oriole recorded depreciation expense of $171,000 and $191,000 in 2023 and 2024, respectively. CCA for tax purposes was $195,000 and $165,500 for 2023 and 2024, respectively. There were no asset additions or disposals over the two-year period. Oriole deducted $205,000 as a restructuring charge in determining income for 2022. At December 31, 2022, an accrued liability of $198,000 remained outstanding relative to the restructuring, which was expected to be completed in the next fiscal year. This expense is deductible for tax purposes, but only as the actual costs are incurred and paid for. The actual restructuring of operations took place in 2023 and 2024, with the liability reduced to $65,000 at the end of 2023 and to $0 at the end of 2024. In 2023, property held for development was sold and a profit of $57,000 was recognized in income. Because the sale was made with delayed payment terms, the profit is taxable only as Oriole receives payments from the purchaser. A 10% down payment was received in 2023, with the remaining 90% expected in equal amounts over the following three years. Non-taxable dividends of $3,250 in 2023 and of $3,450 in 2024 were received from taxable Canadian corporations. In addition to the income before income tax identified above, Oriole reported a before-tax gain on discontinued operations of $18,800 in 2023. 7. A 30% rate of tax has been in effect since 2021. Oriole follows IFRS.