(3) The income of the Cora Family Trust for the current income year is limited to interest income of $10,000 derived from sources in Australia. When this is derived, the trustee, in accordance with the powers under the trust, applied it for the benefit of one of the beneficiaries, Beatrice. The trustee also had one other transaction which produced assessable income. The trustee sold in March of the current income year an asset acquired in May of the previous income year and made a net capital gain for the year of $10,000. Pursuant to the powers under the trust, capital profits of $10,000 were applied for the benefit of another beneficiary, Harriett.. Beatrice and Harriett are resident individuals who are not under a legal disability. Q23 Required: (0Calculate, for the current income year, the net income of the trust. D ( Calculate the assessable incomes for Beatrice and Harriett (1) Indicate the nature of the trust income in the hands of the beneficiaries and what implications this has for those beneficiaries