estion 4 (10 marks X and Mrs. Y formed a partnership in 2019. Each contributed $100,000 come is split 50%, 50% le Partnership had the following transactions apital gain ligible Dividends from Canadian Corps. haritable donations evenue from rental Property ash expenses from rental Property 12000 10000 8000 80000 20000 he Partners drew $40,000 cash, each from the partnership On December 1, 2019 the rental property was sold. The property was an apar Building Land Proceeds UCC Capital Cost 400,000 450,000 500.000 275,000 NA 300,000 Calculate the taxable income for the partners for 2019 - 6 marks What is the partners Adjusted cost base - 4 marks Q1.2 034 05 Type here to search o Et estion 4 (10 marks X and Mrs. Y formed a partnership in 2019. Each contributed $100,000 come is split 50%, 50% le Partnership had the following transactions apital gain ligible Dividends from Canadian Corps. haritable donations evenue from rental Property ash expenses from rental Property 12000 10000 8000 80000 20000 he Partners drew $40,000 cash, each from the partnership On December 1, 2019 the rental property was sold. The property was an apar Building Land Proceeds UCC Capital Cost 400,000 450,000 500.000 275,000 NA 300,000 Calculate the taxable income for the partners for 2019 - 6 marks What is the partners Adjusted cost base - 4 marks Q1.2 034 05 Type here to search o Et