Asset A block of agricultural land Shares in Aussie Farming Ltd Disposal Sold for $550,000 on 25 April 2022; $1,200 charges paid to sales agent (including an entertainment expense of $200) On 12 May 2022, sold 2,000 shares @ $12 per share; fee Acquisition Inherited in May 1996 On 10 June 2021, purchased 2,000 shares @ $10 per Other information The property valued at $96,000 at the time of inheritance. Peter fenced the property which cost him $3,000 charged by the broker = $200 share Sold for $11,000 on Purchased for Home furniture 30 April 2022 $25,000 on 5 March 2015; incurred $1,000 on its maintenance and repairs ever since Office furniture Sold for $8,000 on 30 April 2022 Purchased for $7,000 on 18 December 2020 The furniture, a depreciable asset, was exclusively used at the winery office Peter has a carried forward capital loss of $10,000 (including $2,000 from collectibles) from the previous year. Required: Citing relevant legislation and explaining tax consequences of each transaction, calculate Peter's net capital gain (or loss) for the tax year 2021-22. (10 marks)