1 (19 points) Bert Flynn works as the Vice President of Distribution for Boyd Enterprises Inc., a public company headquartered Calgary, Alberta. Bert began working for Boyd in February 2021. Prior to this, he was a partner in an unincorpora business in Toronto. Boyd made him an offer he could not refuse, so he made the move, and Boyd reimbursed hin actual moving expenses of $30,250. In 2021, Bert earned a salary of $86,789 from Boyd. Other Information: 1. Bert's duties required him to use his own automobile in the course of his work. To compensate him for h costs, Boyd gave him an automobile allowance of $200 per month plus $0.17 per employment related kilometre. These payments began the month Bert joined the company in February. Bert's actual total automobile costs, including available CCA and operating expenses, totalled $8.000. The car was driven 40,000 kilometres, of which 10,000 kilometres were driven in the course of his employment. 2. Bert's share of income from the business that he left in Toronto totalled $6,000 for 2021. 3. During 2021, Bert invested in a new partnership ("GF International") that imported and distributed gluter free products. In its first year of business in 2021, GF International lost a large amount of money due to substantial promotional expenses, but the prospects for future profits were high. Bert's share of these los was $160.000. 4. Bert speculated in stocks during 2021 and earned a capital gain of $10,000 on the sale of some shares in biotech company, but, unfortunately, he lost $30,000 on the sale of shares in a computer company. 5. Bert set-up one of the rooms in his home to be used exclusively as an office, in which, he would regularl meet customers and others who found it more convenient to meet him at his home rather than driving all way into town to meet him at Boyd's offices. It was one of the requirements of his employment that Ber up such an office, and it was normal for Bert to work out of his home office about 1 day a week, on avera Bert estimated that the room constituted 10% of the floor space of his home. His total household expens 2021 were as follows: REQUIRED: a. Maintenance b. Hydro, Utilities $2,000 $3,000 $2.000 c. Office supplies consumed in course of employment $300 d. Mortgage interest a. Determine Bert's 2021 net income for tax purposes using the ordering rules of section 3. Show the subdivision for each item included in the calculation, indicate "n/a" for items that are not included in the computation and identify any loss carryovers. (14 marks) Bert Flynn works as the Vice President of Distribution for Boyd Enterprises Inc., a public company headquartered Calgary, Alberta. Bert began working for Boyd in February 2021. Prior to this, he was a partner in an unincorpor business in Toronto. Boyd made him an offer he could not refuse, so he made the move, and Boyd reimbursed him actual moving expenses of $30.250. In 2021, Be earned a salary of $86.789 from Boyd. Other Information: 1. Bert's duties required him to use his own automobile in the course of his work. To compensate him for h costs, Boyd gave him an automobile allowance of $200 per month plus $0.17 per employment related kilometre. These payments began the month Bert joined the company in February. Bert's actual total automobile costs, including available CCA and operating expenses, totalled $8,000. The car was driven 40,000 kilometres, of which 10.000 kilometres were driven in the course of his employment. 2. Bert's share of income from the business that he left in Toronto totalled $6,000 for 2021. 3. During 2021, Bert invested in a new partnership ("GF International") that imported and distributed gluten- free products. In its first year of business in 2021, GF International lost a large amount of money due to substantial promotional expenses, but the prospects for future profits were high. Bert's share of these losse was $160,000. 4. Bert speculated in stocks during 2021 and earned a capital gain of $10,000 on the sale of some shares in a biotech company, but, unfortunately, he lost $30,000 on the sale of shares in a computer company. 5. Bert set-up one of the rooms in his home to be used exclusively as an office, in which, he would regularly meet customers and others who found it more convenient to meet him at his home rather than driving all the way into town to meet him at Boyd's offices. It was one of the requirements of his employment that Bert se up such an office, and it was normal for Bert to work out of his home office about 1 day a week, on average Bert estimated that the room constituted 10% of the floor space of his home. His total household expenses 2021 were as follows: a Maintenance b. Hydro, Utilities $2,000 $3,000 $2,000 c. Office supplies consumed in course of employment $300 d. Mortgage interest