A) Moving to another question will save this response. 5 points testion 2 Mr. I.N. Vestor is retired and is slowly selling some of his assets to supplement his retirement income. He wants to have some idea of how much tax he is going to owe for 2021 on the asset sales that have taken place to date. He has provided you with the following details of his sales. He sold the following personal items during 2021: Required: Determine I.N. Vestor's net income for tax purposes as a result of the above information. Show all of your calculations. Remaining Time: 22 minutes, 28 seconds. Less than hatf of the time remains. Question Completion Status: A Moving to another question will save this response. 4) Question 3 of 12 uestion 3 Mr. I.N. Vestor is retired and is slowly selling some of his assets to supplement his retirement income. He wants to have some idea of how mulch tax he is going to owe for 2021 on the asset sales that have taken place to date. He has provided you with the following details of his sales. He sold his existing home and his cottage during the year and. moved into a condominium. His home was purchased in 2005 at a cost of $85,000. He sold it in May 2021 for proceeds of $250,000. He paid real estate commission of $12,000 on this sale. His cottage was purchased im 2006 at a cost of $120,000. He sold it in September 2021 for proceeds of $320,000. He paid real estate commission of $10,000 on this sale. He did not own any other residences during the relevant years and, thus, has not previously designated any of the relevant years for purposes of the principal residence exemption. Required: Determine I.N. Vestor's net income for tax purposes as a result of the above information. Show all of your calculations. For the toolbar. press ALT +F10 (PC) ar ALT+FN+F10(Mar) retirement income is not specifled which leaves with just capital gain