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At the beginning of 2020, Joanne Chance had the following loss carry forwards available: Restricted Farm Losses $ 7,200 Non-Capital Losses 41,000 Net Capital Losses

At the beginning of 2020, Joanne Chance had the following loss carry forwards available:

Restricted Farm Losses $ 7,200

Non-Capital Losses 41,000

Net Capital Losses [(1/2)($50,000)] 25,000

During 2020, she had the following amounts of income:

Taxable Capital Gains $ 10,500

Business Income 14,200

Employment Income 61,000

Farm Income 2,950

Determine Joannes Net Income For Tax Purposes, as well as her minimum Taxable Income for 2020. Indicate the amount and type of any losses available for carry forward at the end of the year.

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