Beans Co Is a Canadian-Controlled Private Corporation with a December 31

Beans Co. is a Canadian-controlled private corporation with a December 31
year-end. The company had profits of $200,000 during the year. Of this amount,
$15,000 was from dividend income received from a taxable Canadian corporation. The remaining income was from active business.
Additional information:
The dividends were received from Grow Ltd., a connected Canadian-controlled private corporation. Grow has only one class of shares, and the total amount of dividends paid was $50,000. Grow received a refund of $9,000 as a result of
paying the dividend.
Beans Co. had a balance in its Refundable Dividend Tax on Hand Account of
$3,000 at the end of the previous year.
Beans Co. is associated with Peas Co. which used $220,000 of the small business deduction limit this year.
The profits include a donation expense of $1,000.
Amortization of $30,000 was expensed during the year. CCA has been correctly calculated at $28,500 and has not been transferred from the tax accounts to the
financial statements. Beans utilizes the maximum CCA deduction each year. Required:
A) Calculate the small-business deduction for Beans Co. for the current fiscal year.
B) Calculate the Part IV Tax for Beans Co. for the current fiscal year.