X Ltd. has net income for tax purposes of $120,000 and taxable income of $90,000. The net income includes $8,000 of taxable Canadian dividends, $7,000 taxable capital gains, and $9,000 interest income. X Ltd. and Y Ltd. are associated and Y claimed the small business deduction on $460,000 of active business income. Determine Xs small business deduction.

Note: Do not place a minus sign in front of the amount.

Subject: Canadian Income Taxation