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 2022 Net income from law practice Loss on tree farm operation (not chief source of income) Gross rents received on rental property Operating expenses on rental property before capital cost allowance. Gain on sale of shares of public corporations Loss on sale of summer cottage Gain on sale of oil painting Gain on sale of shares of a qualified small business corporation Lump-sum payment to ex-spouse as part of divorce settlement Loss on sale of shares of a public corporation Other deductions At the end of 2021, the following tax accounts existed: Listed personal property loss carry-forward from 2021 Undepreciated capital cost allowance on rental property Net capital losses $ (4,000) $(160,000) $ (7,000) $ 97,000 (12,500) 28,000 (37,000) 80,000 (4,000) 8,000 20,000 (40,000) (14,000) (4,500) Anita has not previously used any of her lifetime capital gains deduction. Assume her cumulative net investment loss (CNIL) balance at the end of 2022 is Nil. Required: What is Anita's taxable income for 2022? Paragraph 3(a) Income Business Income Paragraph 3(b) Capital gains and capital losses Taxable capital gain- Public corp shares Taxable capital gain-QSBC shares Taxable net gain-LPP CPP enhanced contributions Paragraph 3(c) Other deductions Paragraph 3(d) Losses Net capital loss Rental loss Net income for tax purposes Deduct Capital gains deduction Lump sum payment for divorce settlement Taxable income S 97.000 $ (7,000) 2. S (40,000) $ (47,000) $ 50,000 $ 50,000