During 2021, Dortan Ltd. acquires two businesses that together constitute one business. The cost of the first business includes a payment for goodwill of $243,000, while the cost of the second business includes a payment for goodwill of $317,000. Dortan Ltd. had no Class 14.1 balance as of January 1, 2021, and there were no other Class 14.1 transactions during the year. The company uses a December 31 taxation year end. A

In December, 2022, Shorehaus decides to downside its business and sells part of its business in two separate transactions to different persons. The first transaction results in a partial sale of goodwill for $187,000 and the second transaction results in a partial sale of goodwill for $307,000. Shorehaus always claims maximum CCA.

Determine the UCC balance at January 1, 2022 and determine the income tax consequences of the dispositions?