Janelle Chiu owns 100% of the shares of Fung Inc. (Fung), which are qualified small business corporation shares. Fung was established many years ago with $75,000 of start-up capital. Janelle has just received an offer to sell all of her shares for $950,000. To date, Janelle has not used any of her lifetime capital gains deduction. In the current year, Janelle realized a capital loss of $30,000 and an allowable business investment loss of $20,000. Janelle has never realized any capital gains or capital losses in prior years. Janelles cumulative net investment loss balance is projected to be $5,000 at December 31, 2022.

Assuming Janelle sells her shares of Fung in 2022, which of the following is the taxable capital gain to be included in her income as a result of the sale?

A. 0

B. 20000

C. 35000

D. 40000