For all of $2023,$ Sarah Jones owns four residential properties.

You have been provided the following information on these properties:

Additional information:

The building at $65$ Mounty Avenue was sold in the year for $$203,000.$

The building at $99$ Elk Street was sold in the year for $$595,000$

During $2023,$ Ms$.$ Jones spent $$71,000$ on improvements to the property at $123$ Maple

Lane. The tenant insisted on the renovations to continue renting the place although they

were not required to function. These improvements will also enhance the value of the

property.

$14$ Skate Way was acquired in the year for $$884,000.$

$,$ On the sale of $99$ Elk Street, Ms$.$ Jones let her tenants take any of the furniture in the

home as she did not have an alternative place to store it and all furniture was well used.

Ms$.$ Jones was depreciating these assets in Class $8,$ which had a UCC of $$2,856$ on

January $1,2023.$ The original cost to furnish had been $$12,500.$

Required:

Calculate Ms$.$ Jones' minimum net rental income for $2023.$ You should provide a separate CCA

calculation for each property and specify how much CCA can be taken for each building

$($maximum CCA$).$ Include in your calculation any tax consequences associated with the sale of

the two buildings and the disposition of the furniture.