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Question 3   Campus Coolness is a CCPC specializing in clothing for post-secondary students

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Question 3   Campus Coolness is a CCPC specializing in clothing for post-secondary students. Given the following financial information, calculate Part I Federal Taxes Payable.Financial information (all Canadian amounts):Revenue from clothing business $100,000Expenses related to clothing business $  40,000Interest on business operating bank account $    1,000Eligible dividends received $  10,000Donations to registered charities $    1,000