Gardner Inc. is a CCPC that is not associated with any other company. As determined by ITR​ 5200, Gardner Inc. has​ M&P profits of $560,000 with all of this amount being​ Canadian-source active business income. Its total 2023 net income is $613,000 with the additional $53,000 being​ foreign-source business income. The foreign government withheld 10​% of this​ amount, which is equal to the foreign business income tax credit. In determining taxable​ income, Gardner deducted a 2021 ​non-capital loss of $78,000. What is Gardner's ​M&P deduction for the​ year?