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#3) (8 Marks) Mr. Investor has many investments in a wide variety of financial instruments. One of the shares he has invested in over
#3) (8 Marks) Mr. Investor has many investments in a wide variety of financial instruments. One of the shares he has invested in over the years is Hundt Ltd., a public company. His trading history in these shares is as follows: May 24, 2000 purchased 1,000 shares at $26 per share. April 20, 2005 stock dividend of 10%; $24 per share transferred out of retained earnings to contributed capital. June 10, 2015 sold 200 shares for $15 per share. June 30, 2015 purchased 500 shares for $33 per share. There have been no further transactions to date. REQUIRED: Determine the adjusted cost base of Mr. Investor's shares on June 30, 2015. Calculate the tax effects of any sales of shares. Show all calculations and round to two decimal places (example $10.60).
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