Bride and Groom Co

Bride and Groom Co. is a Canadian controlled private corporation with active
business income of $750,000. The company is in the business of producing and selling bridal wear. Dividends were received from a taxable Canadian
corporation in the amount of $80,000. The company recognized a $50,000 capita gain during the year.
Additional information is as follows:
Net capital loss carry-over balance is $200,000. Non capital loss carry-over balance is $70,000.
Required:
Calculate the following for the company for the current year:
A) Net income for tax purposes
B) Taxable income
C) Federal tax liability