Dr. Farmer is chiropractor who began a sideline farming business in 2019 growing organic produce believing it would be beneficial to his family's health. With the growing demand for organic options, he is confident he can make the operation profitable within another year

For the years 2019 and 2020 he had the following income and losses:

2018 2019 2020

Professional income $90,000 $100,000 $120,000

Farming income (loss) - ($6,000) $2,000

Capital gains (losses) $2,000 ($3,600) $4,000

Required: Calculate Dr. Farmers Net and Taxable Incomes for 2018, 2019 and 2020 assuming he fully utilizes all his losses as early as possible.