Your client has provided you with the following information. Required: Determine the total interest income for 2021. You will calculate interest income under two scenarios. a) Scenario 1 your client is an individual b) Scenario 2 your client is a corporation Remember that the method for individuals is different than corporations. Corporations are required to include interest income based on the accrual method while individuals use the earlier of the cash method or the interest income earned by the anniversary date. Description of the investment Amount Interest earned on an investment (i.e. a deposit in the bank): $2,000 Interest earned and deposited from their 2020 income tax assessment: $450 Interest on short-term investments: $30,000 term deposit taken out October 31, 2021 (interest at maturity in six months) Accrued interest from November 1 - December 31, 2021: $100 $200,000 GIC purchased September 1, 2020 (interest payable at maturity on August 31, 2023) Accrued interest from September 1, 2020, to August 31, 2021: $18,000 Accrued interest from January 1, 2021 to December 31, 2021: $18,444 Government of Canada Treasury Bills purchased for: $18,221 on January 3, 2021 Amount received on maturity on December 31, 2021: $20,000 Cash dividends received from investment in common shares of Canadian resident public corporations $24,000 Cash dividends received from investment in common shares of Canadian resident private corporation $15,000 Cash dividends received from common shares in US corporations (net of $3,000 of foreign withholding taxes; all in Canadian dollars) $17,000