The FG Company had Net Income For Tax Purposes for the year ending December 31, 2019 of $275,000. This amount included $13,720 in taxable capital gains, as well as $15,600 in dividends received from taxable Canadian corporations. Also, during 2019, the Company made donations to registered charities of $9,100.

At the beginning of the year, the Company had available a non-capital loss carry-forward of

$74,000, as well as a net capital loss carry forward of $20,000 [(1/2) ($40,000)].

Required: Determine the Companys minimum Taxable Income for the year ending December 31, 2019 and the amount and type of any carry forwards available at the end of the year.

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