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 $50,000. Isabelle made an initial contribution of $90,000. Each agreed to share in the profits and losses of the business as follows: 20% to each of Samara, Joy \& Eden and 40% to Isabelle based on contributions of capital and labour to the partnership. At the end of the 2022 fiscal year of the partnership, Isabelle and Samara decided to go their separate ways. On January 1, 2023, Samara received $125,000 for her partnership interest, while Isabelle received $250,000. The tax records for the five years ended December 31,2021 reflected the following cumulative amounts: Other Information (1) Isabelle is single, and has interest income of $2,500 for the year 2022. (2) Samara has interest income of $6,600, and has made an RRSP contribution in 2022 of $2,700 (her 2021 earned income was $15,000 ). You have agreed to do the following: (1) Compute the partnership income for the year ended December 31,2022 , 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 2023. Compute Samara's and Isabelle's capital gain on the disposition of their partnership interests on January 1, 2023. (3) Compute Samara's and Isabelle's taxable income and tax payable for 2022 using the hypothetical provincial tax rate table presented in Chapter 10,10,250