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ACC301_0221 / General / 1221 AW 6 et of 2 stion On 1 July 2019 Mary acquired a little boat for 512666. It was for

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ACC301_0221 / General / 1221 AW 6 et of 2 stion On 1 July 2019 Mary acquired a little boat for 512666. It was for her personal use. Mary borrowed $12,000 of the money from XYZ Bank. The loan was a fixed interest loan on which Mary paid interest of $2.000 Mary sold the boat in September 2019 for $17208. Required: Calculate Mary's Net Capital Gain or loss for the 2020 tax year. Answer: N

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