Redwооd Mаnufаcturing Ltd. is а cоrporation resident in Canada. It reports $600,000 of taxable active business income, all of which:was earned in a Canadian province or territory;is eligible for general-rate treatment; anddoes not qualify for the Small Business Deduction.Assume there are no tax credits or other special taxes.Calculate Redwood Manufacturing Ltd.’s federal Part I tax payable before tax credits.Use the following rates:Basic federal tax: 38%Federal abatement: 10%General Rate Reduction: 13%