1. B Ltd. sold its assets on January 2, 2024, two days after its December 31, 2023 year-end for $1,600,000. The sale price includes inventory $100,000, land $600,000, and building $900,000. The original cost of these assets was: inventory $60,000, land $500,000, and building $800,000. The undepreciated capital cost of the building was $730,000. There are no liabilities. At December 31, 2022 the Non-eligible RDTOH balance was $40,000. Determine the amount available for distribution to the shareholders after the sale of assets. Assume a provincial tax rate of 4% on the first $500,000 of business income and 12% on the remainder. B Ltd. is a CCPC and has no associated corporations.

2. Individuals A and B carry on business through a partnership. A and B are both active in the business and share profits equally after partner salaries. In the current year the partnership paid salaries of $90,000 to A and $90,000 to B. The partnership reported net income of $170,000 after partner salaries. The net income includes a gain of $32,000 on the sale of non-depreciable capital property, $16,000 of eligible dividends, and a deduction of $6,000 for charitable donations. Determine A's share of business income to be included in their personal tax return.