In 2020, Kiranjit Dhillon acquired 1,000 shares of Pluton Ltd. (a Canadian public corporation) at a cost of $21,000 plus a brokerage commission of $600 During 2020, she received cash dividends of $1,200. In 2021, Pluton failed to pay the cash dividend owing to a cash flow shortage; instead, it issued a stock dividend, whereby Kiranjit received an additional 100 shares. At the time of the stock dividend, the share value was $18 per share. On December 15, 2021, with the company's financial position continuing to decline, Kiranjit sold all of her shares of Pluton for $15,000 She felt relieved when the share values declined further over the next two weeks. She incurred brokerage fees of $300 on the sale Early in the new year, Pluton apparently solved its financial crisis by selling an unprofitable subsidiary. Kiranjit's broker recommended that she again invest in Pluton's shares. On January 11, 2022, she purchased 1,000 shares at a cost of $12,000 plus brokerage fees of $200 In June 2022, she gifted all of her shares in Pluton to her son, who was about to attend university. At that time, the shares were valued at $20,000 Required: Calculate the amount by which Kiranjit's net income for tax purposes will be affected by the above transactions for the years 2021 and 2022 Calculate the affect on Kiranjit's net income for tax puroses for 2020 Property Income S 1.656 Calculate the adjusted cost base of the Pluton shares in 2021 before the sale 2020 Pluton Purchase adjusted cost base (ACB) $ 2021 Stock dividend S Pluton Adjusted Cost Base before sale $ Calculate the affect on Kiranjit's net income for tax purposes due to the transactions for 2021 and 2022 2021 Net Sale Proceeds less Pluton Adjusted Cost Base Capital Loss Superficial loss disallowed Capital Loss Allowable Capital Loss Property income 21,600 1,800 23,400 S S S S S S 14,700 (23,400) (8,700) 7,909 (791) (395)