Your client has approached you, a CPA, on March 1, 2023. He would you to estimate the federal income tax for the taxation year ended December 31,2022 for the corporation that he owns. It is a Canadian-controlled private corporation located in Ontario. Your client has prepared the income statement of the company for the fiscal year ended December 31, 2022: You also noted the following: - Other expense contains meals and entertainment expense of \\( \\$ 9,500 \\); - Other expense contains donation of \\( \\$ 12,000 \\) to registered charity; - Capital cost allowance for 2022 was \\$39,500; - There is no other associate corporations to share the small business limit; and - Unused non-capital loss of \\( \\$ 5,500 \\) from prior year. Required: For the taxation year ended December 31, 2022, calculate the following a) Net income for tax purposes b) Taxable income c) Total federal income tax (ignore Part IV tax of the dividend income) Note: You are required to show the full calculation (including the applicable components) in order to earn full marks You are not required to reference legislation in Income Tax Act