In March, 2022, Jason acquired a four unit apartment building. Two of the units will be rented on a furnished basis. To this end, Jason has acquired furniture at a cost of $12,800 in 2021. The January 1, 2022 UCC balances are as follows for the building and furniture: Class 1 $249,900 Class 8 $11,520 In July, 2022, 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, Jason sells all of the furniture for $10,400. During 2022, the units generate rents of $54,500. Expenses for the year, other than CCA, total $29,400. 2. During the current year, Jason disposes of several items. The proceeds of disposition and the adjusted cost base of the various items are as follows: Adjusted Proceeds Of Cost Base Disposition Collector Car $45,000 $61,000 Marble Sculpture 800 13,000 Antique Furniture 21,000 12,000 Stamp Collection 50,500 26,000 3. During 2022, Jason sells a capital asset with an adjusted cost base of $87,200 for proceeds of $105,300. He receives a down payment of $5,300 in 2021, a second payment of $50,000 in 2022, and a final payment of $50,000 in 2023. 4. For a number of years, Jason has owned a rural cottage property that has been used for his personal enjoyment. The cottage cost $142,000 in 2018 and, on July 1, 2022, it has a fair market value of $242,000. She estimates that the fair market value of the land on which the cottage is located is $22,000 on both of these dates. It will not be designated as his principal residence for any of the years owned. On July 1, 2022, he rents the property to an arms length party for an amount of $1,000 per month for a period of three years. Net rental income for the year ending December 31, 2022, before the deduction of any CCA, is $4,800.