B The following financial information is provided for the 2020 taxation year of Angela Fowler Interest income $22.000 Netloss from retail store for the year ended December 31, 2020 (9,000) Gain on sale of public corporation shares Ok 10,000 Loss on sale of shares of a CCPC qualified as a small business corporation nt (12,000) ences Dividends from foreign corporations, net of $100 withholding tax 1,900 (36,000) Loss on sale of land that was originally purchased to build a rental property The project was cancelled after a rezoning application was lost Gain on sale of an oil painting Director's fees for attendance at corporate meetings R 6000 8,000 Loss on sale of personal jewellery 7000 CPP enhanced contributions 92 In 2020. Angela gifted shares of a Canadian controlled public corporation (CCPC) to her 16-year-old son The shares which originally cost $10.000 had a value of $12,000 at the time of the go Also in 2020, Angela had a rental loss of $5,000 (before amortization/depreciation and capital cost allowance). The property was originally purchased for $74,000 and $11,000, building $63.000). The class 1 building had on unamortized capital cost of $50,000 at the end of the previous year on the last day of 2020 Angelo sold the property for $104.000 (and $14000, building $90,000). in the Romant Andet tied the price rance in Histribute and in cand in 2020 che ride the o ere to search In the previous year by agreement Angela obtained the exclusive licence to distribute a certain product in Canada. In 2020, she divided the country into six sales territories and sold 10 year sub licences to individuals in each territory Total proceeds were $26.000 Required: 1 Calculate Angela's income for tax purposes for the 2020 taxation year in accordance with the aggregating formula of section 3 of the Income Tax Act Segment A Income Segment B Capital Gains and Losses Listed Personal Property capital gains and losses Other deductions Segment Losses D Search e 20 Tax Act Segment A Income Segment B Capital Gains and Losses es Listed Personal Property capital gains and losses Other deductions Segment D Losses