Could you Please advise?

[123. [Active asset reduction and retirement exemption} On 1 July 201?, Micah Wong, a resident taxpayer aged 53, sold his mortgage broking business for $2,E?5,DUD and retired. The proceeds are entirely for goodwill and the cost base for this asset consists solely of second element costs on disposal of $35,000. Micah commenced business in 2003 and does not have any other current or prior year capital gains or losses. His business satises the requirements ofSubdiyision 152-(2. Required: a. Does the 50% GET discount apply? b. Does the Small Business Active Asset reduction apply? {3. Does the Small Business Retirement Concession apply? d. Calculate Micah's net capila gain for the Zll tax year [use grid provided to show your workings-J: Calculation details [if any] 5 Gain on Sales of business Net Capital Gain 5