Problem: Your corporate client presents you with the following accounting information for the fiscal year just ended: Net active business income 1,210,000 Net investment income 93,500 Net income (for financial statement purposes) 1,303,500 Items included in net active business income above: Sales - Manitoba (MB) 2,112,000 Sales - Nova Scotia (NS) 3,245,000 Sales - other provinces 0 Salaries and wages - MB 355,300 Salaries and wages - NS 277,200 Salaries and wages - other provinces 0 Depreciation expense 198,000 Gain on sale of Class 8 asset 70,400 Eligible dividends received 31,900 Provision for income taxes 220,000 Charitable donations 160,600 Additional information: The corporation is a non-CCPC. The corporation has permanent establishments in Manitoba and Nova Scotia. The balance in Class 8 at the end of the year, after the sale of one of the Class 8 assets, is 375,000. The CCA deduction for the year is 215,000. The corporation did not pay any dividends during the year. What is the corporation's net income for tax purposes for the year?