this is canadian taxation. I got confuse this problem. Please help me with this

Ch. 11/Study Guide - Assignment Problems 351 ii) the partial amount of all elections/options is utilized so that only enough income is generated to Problem 9 offset most or all of the losses which would otherwise expire on the acquisition of control. Emisidon't The controller of Video Madness Inc., a Canadian public corporation, has prepared the accounting ITA: 9-20, 38-55, income statement for the year ended April 30, 2018 110.1-112, 111(4), 111(5), 111 (5.1), 249(4) 600,08 VIDEO MADNESS INC. INCOME STATEMENT 10,18 snotad) smoont bo FOR THE YEAR ENDED APRIL 30, 2018 Sales . .. Cost of sales . . .. $995,000 Administrative expenses . ... . . . . $523,000 185,000 (708,000) and boston I gothat Operating income . Other income and expenses $287,000 55,000 Provision for income taxes $342,000 . . . . (102,000) Net income . ..... . . . Sme . . . . . . . . $240,000 oldsxat fersbol an aland amen sill no bejuacog arefrediA trus Bid Other Information marion sill to notisTogo (1) Included in the calculation of "Administrative expenses": isfor ends eisloss of bedis good and (a) Interest on late income tax payments . . . .. . $435 ya cionivong Bizbrien! asil last (b) Amortization (maximum capital cost allowance of $149,500) 104,900 (c) Club dues for the local Country Club I't maldon 1,750 d) Federal political contributions . 2,500 land viewA bas qu qu (e) Donations to registered charities . .... 22,500 tawoll (f) Property tax with respect to vacant land not being used in the course of the business . .. . 3,000 (g) Life insurance premium with respect to the president gritbulanl 8 Tyrus eslaa to 1800 (the company is the beneficiary; not required for financing) . ......... 1,950 jilong gritstogo (2) Included in the calculation of "Other income and expenses": .Smooni zar10 december (a) Landscaping of ground around new premise 4,800 emooni jaff lack of Tur (b) Fees paid with respect to the investigation of a suitable site for the def to1 nolaivor urred company's manufacturing plant .......... 5,500 Smooni doll c) Dividends received from taxable Canadian corporation . 42,800 (d) Gain from the sale of another piece of land, used in the business, sold for $200,000 in March (purchased for $73,800) . . . . . . ........ . . . . . . 126,200 ol TomoribbA boat Net (e) Loss on sale of investments held as capital property purchased for NI $85,000 and sold for $75,000 .. .... 10,000 amooni Terdo.(1) (3) Loss carryforwards from 2017 are: might abash bid (a) Non-capital losses . ...... 73,800 (b) Net capital losses (realized in 2012) . ... 50,00097 You have been asked to prepare a schedule reconciling the accounting net income to income for tax purposes and taxable income. Indicate the appropriate statutory reference for your inclusions of des need gear exclusions. 11