In march 2014 andrew thorne acquired a four unit apartment building at a cost of $875,000. Of this total, it is estimated that the land on which the building is situated is worth $185,000. The units in the apartment are similar in size and for purposes of allocation to a CCA class, the property is considered to be a single asset.

Two of the units will be rented on a furnished basis. To this end, Andrew has acquired furniture at a cost of $43,000.

During April 2014, all of the units were rented for the remainder of the year. For this year, the units generated rents of $63,600 and expenses, other than CCA, of $23,400 were incurred.

In July 2015, the tenants in both of the furnished units terminate their leases, and move out. Because he is unable to find tenants who are interested in furnished units, the two units remain empty for three months. Given this situation, Andrew sells all of the furniture for $31,000.

During 2015, the units generate rents f $54,500. Expenses for the year, other than CCA, total $29,400.

Andrew deducts the maximum CCA allowable in both 2014 and 2015.

Required: Calculate the Net Rental income for each of the two years 2014 and 2015. Also, determine his UCC balances on January 1, 2016. Include in your solution and tax consequences associated with the sale of the furniture.