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4 (6 marks) In January 2021, Coral Beech sold a number of personal assets all of which she had acquired in the past five years:
4 (6 marks) In January 2021, Coral Beech sold a number of personal assets all of which she had acquired in the past five years: Cost Proceeds of Sale Automobile $27,000 $25,000 Stamp Collection 1,600 1,300 Rare manuscript 1,700 800 Boat 4,500 3,500 Painting 700 1,100 Antique clock 800 1,700 Required: Calculate the net taxable capital gain that Coral will have to include in her income for 2021. Indicate any amounts that may be available for carry over to other years. Be sure to explain this
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