About five years ago, Isabelle, Eden, Samara, and Joy formed a partnership to carry on a snow removal and landscape business. All the partners, except Isabelle, made an initial contribution of $40,000. Isabelle made an initial contribution of $80,000. Each agreed to share in the profits and losses of the business based on their initial capital contribution. At the end of the 2020 fiscal year of the partnership, Isabelle and Samara decided to go their separate ways. On January 1, 2021, Samara received $125,000 for her partnership interest, while Isabelle received $250,000. The tax records for the five years ended December 31, 2019 reflected the following cumulative amounts: Income (before capital gains) from operations for tax purposes Losses Capital gains (to 2019) Drawings by the partners Charitable donations (added back to Division B income for tax purposes) Isabelle, $170,000; Eden, $150,000; Samara, $250,000; and Joy, $160,000.15,000 Financial results for the year ended December 31, 2020, are as follows: $750,000 80,000 10,000 730,000* 15,000 Net income per financial statements Charitable donations (deducted from accounting income) Drawings: Isabelle Samara Eden Joy $60,000 2,000 10,000 5,000 5,000 4,000 Other Information (1) Isabelle is single, and has interest income of $2,500 for the year 2020. (2) Samara has interest income of $6,600, and has made an RRSP contribution in 2020 of $2,700 (her 2019 earned income was $15,000). You have agreed to do the following: (1) Compute the partnership income for the year ended December 31, 2020, and the income to be allocated to the partners. (2) Advise on the tax consequences to Samara and Isabelle as a result of the disposition of their partnership interests in 2021. Compute Samara's and Isabelle's capital gain on the disposition of their partnership interests on January 1, 2021.