In this question, you must show all your work.

Samuel made the following purchases of XYZ stock:

300 shares at $20.00/share in year 1

500 shares at $22.00/share in year 2

400 shares at $2Y.00 in year 3

Note: Y represents the last digit of your Seneca College Student Number. For example,

if your student number is 137598156, replace the letter Y with the digit 6.

a) What is the adjusted cost base of his shares?

b) No further activity in years 4 and 5. In year 6, Samuel sells all his shares in XYZ stock at $3Y.00/share.

Calculate his taxable capital gain from the sale of his shares.