Can you please calculate the capital gain reserve $,$ capital loss, inclusion rate and allowable capital loss

Sarah Smith purchased some vacant land on February 1, Year 1 for $30,000, hoping to build a cabin on the land when she had saved enough money for construction of the cabin. While she was saving her money, Sarah rented the land in Year 1 (entire year) to a farmer as pasture for an annual rent of $1,000. During this year, Sarah also paid $300 in property taxes and $4,000 in interest on funds borrowed to purchase the land. At the beginning of Year 2, construction began on a six-lane highway that will intersect the neighbouring property to Sarah' s vacant land. Due to the close proximity of the new highway, Sarah decided to sell the land for proceeds of disposition of $20,000. Required: Calculate the Net Income (Loss) For Tax Purposes to be reported for each of Year 1 and Year 2 resulting from the transactions described above. Solution: In Year 1, Sarah rented the land: Gross rents Less rental expenses Excess costs Sarah will report net rental income/loss of nil. property tax and interest $0 Thisexcess property tax and interest will be added to the cost base of the land In year 2, Sarah sold the land: Calculation of Capital Gain: Proceeds of disposition Adjusted cost base Capital Gain (loss) Capital Gains reserve Capital Loss Inclusion rate Allowable capital loss Year 2 0.50