Farine Ltd. has a December 31 taxation year-end. On January 1, 2021, the Company had multiple Class 10 properties. January 1, 2021, UCC balance is $83,400. The combined capital cost of all existing Class 10 properties is $110,000. The following Class 10 transactions occurred in 2021:

• On May 1, 2021, all of the original Class 10 properties are sold for $92,400.

• On June 1, 2021, an additional Class 10 property is acquired for $105,000.

What are the income tax consequences of these transactions in 2021? In addition, determine the Class 10 UCC balance on January 1, 2022.