The following information is available for Ryan Corporation: Assets at cost - $160,000 (5 year life, straight-line depreciation and purchased 4 years ago); NBV - $32,000 while UCC is $47,000 with a CCA rate 30%; meals and entertainment recorded in the books - $10,000; golf dues paid - $2,500; accounting income - $90,000. Based on this information and a tax rate of 45%, what is taxable income?

Question 12 options:

	$51,930
	$115,400
	$114,508
	$104,508