Bonita Limited was attracted to the Town of Mornington by the town's municipal Industry commission, Mornington donated a plant site to Bonita, and the provincial government provided $168,000 toward the cost of the new manufacturing facility. The total cost of plant construction came to $423,000, and it was ready for use in early October 2020. Bonita expects the plant to have a useful life of 15 years before it becomes obsolete and is demolished. The company uses the straight-line method of depreciation for buildings and is required to include the plant in Class 6 (10% rate) for tax purposes. Van X Your answer is incorrect. If Bonita reports 2021 income of 599,000 before depreciation on the plant and government assistance, what income before tax will the company report assuming (a) above? Assuming (b) above? (Round answers to decimal places, es. 5,275.) Cost Reduction Method $ Deferral Method Income before tax