The following data summarizes the operations of Milky Way Corporation for its taxation year ended October 31, 2021: Loss from business Dividend income from taxable Canadian corporations Taxable capital gains Allowable capital losses Donations to registered charities The corporation had the following carry forward balances: Donations made in 2018 to registered charities Net capital losses which arose in 2016 $(95,000) 22,500 6,250 (4,375) (3,500) 950 6,000 Required: Compute the corporation's taxable income for its 2021 taxation year and the balances available for carry forward to 2022 for all relevant accounts