Trailblazer Inc., a public company, has its headquarters in Toronto, Ontario. The corporation carries on business in permanent establishments in Ontario and Nova Scotia.

The following information was reported for the year ended December $31,2023$:

Income from business operations in Ontario $ $500,000$

Income from business operations in Nova Scotia $600,000$

Canadian source interest income $20,000$

Taxable capital gain $20,000$

Taxable dividends from taxable Canadian corporations $10,000$

The company deducted $ $120,000$ for SR & ED expenses from its income from business

operations in Ontario. No SR&ED expenses are expected in $2024.$

In $2023$ the company made charitable donations of $ $90,000.$ The company has $ $104,000$ on non$-$capital losses being carried forward from $2015$ and net capital losses being carried forward from $2017$ of $ $30,000.$

Required:

$1.$Calculate net income for tax purposes under Division B

$2.$Calculate taxable income for federal tax purposes

$3.$Calculate federal Part I tax payable.