Village Concrete Inc. (Village) is a Canadian controlled private corporation (CCPC) with a year end of December 31, 2020. The owner of Village also controls Bob's Roofing Inc. (Bob's), another CCPC with active business income for the year ended December 31, 2020 of $150,000. The owner has agreed to allocate a sufficient amount of the small business deduction to Bob's to ensure that all of its active business income is taxed at the lower rate. Other than the income related items listed below, you may assume that Village's income is from active business in Canada. Other information about Village: 1. Village had a taxable capital gain in the year of $5,000. 2. Charitable donations were $2,500. 3. Recaptured CCA from operating assets was $1,000. 4. Net Income For Tax Purposes for the year was $190,000. What is the appropriate small business deduction in 2020 for Village?

		$34,770.
		$34,675.
		$35,625.
		$72,865.