In 2023 , Angela gifted shares of a public corporation to her 16 -year-old son. The shares, which originally cost $12,000, had a value of $14,000 at the time of the gift. Also in 2023 , Angela had a rental loss of $6,000 (before amortization/depreciation and capital cost allowance). The property was originally purchased for $78,000 (land $13,000; building $65,000 ). The class 1 building had an undepreciated capital cost of $50,000 at the end of the previous year. On the last day of 2023 , Angela sold the property for $108,000 (land $16,000; building $92,000 ). She intends to purchase a new rental property in early 2024 for $200,000 (land $24,000; building - $180,000 ). In the previous year, by agreement, Angela obtained the exclusive licence to distribute a certain product in Canada. In 2023, she divided the country into six sales territories and sold 10 -year sub-licences to individuals in each territory. Total proceeds were $28,000. Required: Calculate Angela's net income for tax purposes for the 2023 taxation year in accordance with the aggregating formula of section 3 of the Income Tax Act. (Assume Other Deductions total \$2,000.) Paragraph 3(a) Income