During 2020, Ms. Alice Busting owns four residential rental properties. Relevant information on these properties is as follows:

1. The property at 26 Hart Street was acquired during 2020 for $1,180,000.

2. The building at 32 Barton Boulevard was sold during 2020 for $231,000.

Ms. Busting had furnished this property several years ago at a cost of $28,750. The UCC

for these Class 8 assets was $4,498 on January 1, 2020. Given the condition of the

furnishings, they were simply given to the former tenants who agreed to take them when

they moved out.

3. During 2020, Ms. Busting spent $78,750 on improvements to the property at 14 Mark Avenue.

While none of the changes were required, the tenant insisted on the changes before

he was prepared to renew his lease. These improvements will also enhance the value of

this property.

4. The building at 96 Flagler Street was sold during 2020 for $653,000.

Required: Calculate Ms. Busting's minimum net rental income for 2020. You should provide

a separate CCA calculation for each property and specify how much CCA should be taken for

each building. Include in your solution any tax consequences associated with the sale of the two

buildings and the disposition of the furniture.