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answer as soon as possible Dr. Jake Roy is 36 years old and is in the process of getting a divorce. As part of the

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Dr. Jake Roy is 36 years old and is in the process of getting a divorce. As part of the divorce proceedings, Dr. Roy must sell a number of his assets and holdings in order to divide the assets of the marriage and pay a large settiement to his former spouse, Heather Roy. Dr. Roy has provided you with the following list of assets that he sold in the current year, including the asset cost and the proceeds of disposition: (Click the icon to view the list of assets.) Requirement 1. Calculate the capital gain (or loss) for each of the dispositions in the current taxation year. Fill in the table below showing the capital gain (or loss) for each item. (Round your answers to the nearest cent. Enter losses with parentheses or a minus sign.) List of assets Additional information: The home was the principal residence for Dr. Roy and his former spouse for 10 years, ending in the current taxation year. Last year, Dr. Roy sold his cabin at the lake, which he claimed as his principal residence for two taxation years (the cabin at the lake was designated as Dr. Roy's principal residence for the two most recent taxation years.) Therefore, this home cannot be claimed as Dr. Roy's principal residence for those years. Asset Description Proceeds of Disposition Original Price Paid Vacant land $47,00000 $335,000.00 Additionat information. Dr. Roy bought this vacant land as an investment property. Since its purchase, the land has been vacant and Dr. Roy has not earned any income on the land, but he paid \$1,900 in property taxes and $505 on mortgage interest on the land during this time. List of assets years (the cabin at the lake was designated as ur. Roy's principal residence tor the two most recent taxation years) Ineretore, this home cannot be claimed as Dr. Roy's principal residence for those years. Asset Description Proceeds of Disposition Original Price Paid Gold ring Additional information: Dr. Roy inherited this ring from his mother's estate. At the time of his mother's death, the ring had a fair market value of $260. List of assets Vacant land $47,000.00 $335,000,00 Additional information: Dr. Roy bought this vacant land as an investment property. Since its purchase, the land has been vacant and Dr. Roy has not earned any income on the land, but he paid \$1,900 in property taxes and $505 on mortgage interest on the land during this time. AssetDescriptionWestjetsharesProceedsofDisposition$48pershare(December)OriginalPricePaidVarious Additional information Dr. Roy purchased the Westjet shares over a period of time Several years ago, he purchased 1,100 shares for $21 per share. In January of the previous taxation year, Dr. Roy purchased 800 shares for $17 per share. In April of the previous taxation year, Dr. Roy sold 1,300 shares at $20 per share to buy a gift for his wife. In June of the current taxation year, Dr. Roy purchased 1,100 shares for $28 per share. In October of the current taxation year, Dr. Roy purchased another 1,450 shares for $34 per share. In December of the current year, Dr. Roy sold all of his remaining Westiet shares. There are no brokerage fees on any of the Westjet share transactions

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