Anita Lopez operates a full-time law practice in eastern Ontario. In her spare time, she maintains a small rural acreage for the purpose of growing and selling Christmas trees. In addition, she derives income from various investments and is an art collector. Below are her financial results for 2020.

Net income from law practice

$97,000

Loss on tree farm operation

(12,500)

Gross rents received on residential rental property

28,000

Operating expenses on residential rental property before capital cost allowance

(37,000)

Gain on sale of shares of public corporations

80,000

Loss on sale of summer cottage

(4,000)

Gain on sale of oil painting

8,000

Gain on sale of shares of a small business corporation

20,000

Lump-sum payment to ex-spouse as part of divorce settlement

(40,000)

Loss on sale of shares of a public corporation

(14,000)

At the end of 2019, the following tax accounts existed:

Net listed personal property losses forward from 2017 (actual loss)

$(4,000)

Undepreciated capital cost allowance on rental property

$(160,000)

Net Allowablecapital losses

$(7,000)

Anita had not previously used any of her lifetime capital gain deduction.

Required:

What is Anita's taxable income for 2020?If a Segment is 0, put 0.