In addition, ABC Gravel Company provides you with the following other information: 2023 Other Income includes Interest Revenue of $65,000 from Canadian sources; Portfolio Dividend of $48,000 from Devon Corp. Canadian Taxable crop; Dividends from BC Corp. A 60% connected corporation of $40,000, BC co received a dividend refund amount of $25,000 Gain on Sale of property (other than depreciable) $28,500 (Property original cost was $22,250; adjusted cost base (ACB) $13,750; and sold for $42,250) 3. Amounts carried from 2005: Net capital loss of $20,000 Non-capital loss of $ 11,250 Charitable donation 20,000 Those amounts will be deducted if allowed During 2023, a total of $97,000 in taxable non-eligible dividends was paid to the shareholders of ABC Gravel Company. Note that non non-eligible RDTOH balance on Jan 1, 2023, was $200,000, and there was no dividend refund during 2022. ABC Gravel Company is associated with another 3 corporations; therefore, they agree to share the annual SBD business limit (25% each). Required: Show all the calculations used to provide the required information, including those for which the result is nil. Round your answers to the nearest whole number:
A. Calculate ABC Gravel Company's minimum Net Income for Tax Purposes and Taxable Income for the year ending December 31, 2023.