4. On July 6, 2019, Geoffrey sells a capital property (28 Malpass Road) with an adjusted cost base of $140000 for proceeds of disposition of $375000. In 2019, he receives $80,000 in cash, along with the purchaser's note for the balance of the proceeds. The note is to be repaid in full ($295000) in five years. Assume that Geoffrey deducts the maximum capital gains reserve.

Determine

a)capital gain before considering 2019 reserve b)Less: 2019 reserve taken(negative) c)2019 taxable capital gain [(A+B)*50%]