AP 1-13 Net Income-Four Cases The following four cases make different assumptions with respect to the amounts of income and deductions of Frank Denham for the current year: Case A Employment income $58,200 Case B $82,600 Case C Case D $46,700 $33,400 Income (loss) from business (12,300) ( 8,400) ( 62,300) (46,200) Rental income (loss) 5,400 12,200 2,600 (18,300) Taxable capital gains 31,600 15,600 11,600 23,100 Allowable capital losses (12,400) (23,400) (10,700) (24,700) ( 4,100) ( 5,400) ( 11,600) Subdivision e deductions ( 5,600) Required: For each case, calculate Mr. Denham's current-year net income. Indicate the amount and type of any loss carry overs for the current year or state that there are no current-year loss carry overs.