The following information relates to the operations of Sands Ltd$.$ for the $2023$ taxation year $($all

amounts are based on the relevant income tax rules$)$:

Business Loss

Taxable Dividends from Taxable Canadian Corporations

Taxable Capital Gains

Allowable Capital Losses

Charitable Donations

$$212,700$

$50,250$

$14,400$

$6,638$

$8,100$

The company has unused charitable donations of $$1,975$ from $2022$ and a $2021$ net capital loss

balance of $$14,500.$

It is the policy of the company to maximize the use of net capital losses before using any other

type of carryover amount.

Required:

Calculate the corporation's minimum $2023$ net income and taxable income. Indicate any

carryover balances remaining $($Hint: think Division C deductions$).$