1:15 18-3 Sesame Treat (ACB of Partnership Interest) Unanswered On Jan 1, 2022, Bert and Ernie form the Sesame Treat partnership. The partnership has a Dec 31 year end. The partnership agreement provides Bert with a 40% share of profits and losses. Bert initially contributes $52,500 and makes a further contribution of $30,240 on May 15, 2022. He withdraws $16,800 on Aug 31, 2022. Sesame Treat has the following sources of income in 2022: -Capital gains on sale of shares -> $48,720 -Eligible dividends received from Canadian corporations -> $13,020 -Net business income -> $196,140 Determine the ACB of Bert's partnership interest on Dec 31, 2022 Numeric answer Type your response Submit

On Jan 1, 2022, Bert and Ernie form the Sesame Treat partnership. The partnership has a Dec 31 year end. The partnership agreement provides Bert with a 40% share of profits and losses. Bert initially contributes $52,500 and makes a further contribution of $30,240 on May 15,2022 . He withdraws $16,800 on Aug 31, 2022. Sesame Treat has the following sources of income in 2022: -Capital gains on sale of shares $48,720 - Eligible dividends received from Canadian corporations $13,020 -Net business income $196,140 On Jan 1, 2022, Bert and Ernie form the Sesame Treat partnership. The partnership has a Dec 31 year end. The partnership agreement provides Bert with a 40% share of profits and losses. Bert initially contributes $52,500 and makes a further contribution of $30,240 on May 15,2022 . He withdraws $16,800 on Aug 31, 2022. Sesame Treat has the following sources of income in 2022: -Capital gains on sale of shares $48,720 - Eligible dividends received from Canadian corporations $13,020 -Net business income $196,140