After five year of executive socceaful curier, you decide in 202110 start westing in the financial markets. The investments, along with their results during the year ending December 3! 2021, are as follows Investment - Canadian Mutual Trust Fund - CMTE You acquired 20,000 units at a cost of $10 per unit. During 2021, CMT makes a distribution of $0.75per unit of this total, 30.30 represents a return of cap al with the balance being interest income. The proceeds of this distribution are invested in additional units cost of $11.75 per unit. She continues to own the units at Desember 31, 2021 Investment 2 - Public Company SharePCS You acquired 7000 shares of ETA, a Canadian poblic company at cou or 30 per here. During 2021, the shores pay eligible dividends of 5.90 per share. On December 31, 2021, the shares are sold for 15 per share Investments Foreign Term Deposit FTD On January 1, 2021 you acquired a USD Deposit with a maturity value of USD 100,000 for Canadian Dollar 122,000. On Dec 31, 2021 the principal tony with USD 9.00 interest was paid, The foreign income taxes withheld was 18% of the interest. Aumen verge exchange rate during the year of USD 1.2 CAD Investment #4 - Premium Mutual Fund-PM You acquired 6000 units of PMF 525 per unit. In 2001 the following distributions of S 25 were made Capital Gain 1.2 Eligible Dividends Interest 3 Total Ter Unit 2.5 You decided to reinvest the distributions in the fun at $265 per unit This additional investment income will be subject to a federal income tax rate of 29% and a 16% provincial income tax rate you live in a province where the dividend tax credit on eligible dividends is 30% of the gross up, and on non-eligible dividends is 25% of the grow up Required 2. Determine the amount of additional taxable income and income tax payable as a result of the investments b. In addition, calculate the per unit ACB of both the CMTF and PMF mutual trust funds on December 31, 2021 Atlet five years of executive succesitat carriet, you decide in 20210 start vesting in the financial markets. The investments, along with their results during the year endang. December 31. 2021, are as follows: estment 1 - Canadian Mutual Trust Fund - CMTE You acquired 20,000 units al cost of $10 per unit. During 2031, CMTF makes a dirbtion of $0.75per uit of this total, 50.30 represents a return of capital, with the balance being interest income. The proceeds of this distribution are invested in additional units at a cost of $11.75 perunt. She continues to own the units of December 31, 2021 Investment Public Company Shares PCS You acquired 2,000 shares of ETA, a Canadian public company cost of 530 per share. During 2001, the shares ywy eligible dividends of S. per share On December 31, 2021, the shares are sold for $35 per share Investment 23 - Foreign Term Deposit - FTD On January 1, 2021 you acquired a USD Deposit with a maturity value of USD 100,000 for Canadian Dollar 122,000. On Dec 31, 2021 the principal along with USD 9,000 interest was pasd. The foreign income taxes withheld was 18% of the interest. Assume a average exchange rate during the year of USD 1.2 CAD Investment A4 - Premium Mutual Fund-PME You acquired 6000 units of PMF at $25 per unit. In 2021 the following distributions of $ 2.5 were made Capital Gain Eligible Dividends Interest 5 Tocal Per Unit 25 You decided to reinvest the distributions in the fun at $26 $ per unit This additional investment income will be subject to a federal income tax rate of 29% and a 10% provincial income tax rute. You live in a province where the dividend tax credit on eligible dividends is 30% of the gross up, and on non-eligible dividends is 25% of the group 1.2 Required a Determine the amount of additional taxable income and income tax payable as a result of the investments b. In addition, calculate the per unit ACB of both the CMTF and PMF mutual trust funds on December 31, 2021