Abra Swan is 30 years old and single. She is employed as a middle-level manager with a national Canadian company. After living and working for five years in Regina, Saskatchewan, she was transferred to her employers office in Winnipeg on December 15, 2019.

Her financial transactions for the 2019 taxation year are shown below.

1. Swan received an annual salary of $50,000. The following was withheld by the employer

Income tax	(10,000)
Company pension contribution	(2,000)
Canada Pension Plan	(2,372)
Employment Insurance	(810)

2. During the current year, Swan purchased 1,000 shares of her employers company (a public corporation) under a stock-option program. The shares cost $10 each and at the time of purchase had a market value of $14. When the stock option was granted two years ago, the share price was $11. To fund the purchase, she borrowed $10,000 from her bank. During the year, she paid interest of $800 on the loan.

3. The previous year, Swan had unwisely invested in commodity futures and lost a large portion of her savings. She considered this loss to be a business loss but was unable to use the full amount for tax purposes because her other income was not sufficient. Of the total loss, $6,000 was unused.

4. As well, Swan had the following receipts for 2019:

Dividends from taxable Canadian corporations (Eligible)	$4,000
Dividends of $2,000 from a foreign corporation, less foreign taxes of $200	1,800
Cash received from RRSP withdrawal used to purchase home	25,000
Proceeds from the sale of public corporation shares (originally purchased for $20,000)	26,000

5. In 2019, she made the following disbursements:

Winnipeg home down payment (first home)	$60,000
Mortgage payments on her new home	1,000
Life insurance	400
Charitable donations	800
Contribution to a federal political party	800
Tuition fees to a university (one-day course)	300

Please help me find the red marked values and give an explanation as well. Thank you appreciate the help.

Required: For the 2019 taxation year, determine Swan's a. net income for tax purposes; b. taxable income; and 3(A) Salary $ 50,000 Stock option benefit $ 4,000 Registered Pension Plan Contribution $ (2,000) Canadian dividends $ 5,800 Foreign dividends $ 2,000 interest on loan for shares $ 800 Segment A Sub total $ 60,600 3(B) Taxable capital gains $ 7,350 3(C) Other Deductions d(D) Losses $ Net Income for tax purposes $ 67,950 Non Capital Loss Carry Forward $ (6,000) Net Taxable income $ 61,950 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. $ 0 c. federal tax liability. $ $ FA $ Net taxable income (from above) $ 61,950 Federal Income Tax 9,454 Non-refundable tax credits: Basic Personal tax credit 12,069 CPP El tax credit 3,182 Employment tax credit $ 1,222 Tuition tax credit 300 First Time home buyer's credit 5,000 Subtotal $ 21,773 Non-Refundable tax credits @ 15% $ (3,266) Donations tax credit $ (204) Eligible dividends tax credit (829) Basic federal tax 5,155 Less other tax credits: Foreign dividend tax credit (188) Political Tax credit $ (542) Federal tax payable $ 4,425 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. $ $ $