. In the current year, James Craig earned the following income:

Employment income $80,000 Property income 2,000 Gains: Shares of Corporation X $12,000 Personal-use property 7,000 Listed personal property 1,600 20,600 Losses: Shares of Corporation Y (15,000) Shares of small business corporation (4,000) Listed personal property (300) (19,300) $83,300

REQUIRED: Determine net income in accordance with the aggregating formula in Section 3 of the ITA. Assume Other deductions total $1,000. Categorize & list the sources of income & deductions using the following template.

ITA 3(a)	Employment income
ITA 3(a)	Property Income
ITA 3(a)	Business income
ITA 3(b)	Taxable capital Game
ITA 3(c)	Other deductions
ITA 3(d)	Loses
Total Income for tax purposes