Garys is an employee of a public company. His total employment earnings was $ 120,000 broken down into ( Salaries $63,000, Bonus of $37,000 paid in February 2022 and the remainder commissions paid on January 15^th 2022.

Gary earned rental income of $ 18,000f his vacation cottage in addition to interest income of $4,300. Gary gambles for fun and in November , he strike it big with $15,000 win. Unfortunately, during the current year, it experienced a loss of $50,000 on his sole proprietor business .

Gary disposed of Dispo capital property during the current year had the following results:

Capital Gains $35,000

Capital Losses $28,000

Also during the current year, Gary made deductible contributions of 6,000 to his government approved Retirement Savings Plan.

Required:

Calculate Garys current year net income. Indicate the amount and type of any current year loss carry overs.