January Smith purchased a fancy car, a Ferrari, for $70,000 and claimed CCA over time in Class 10.1. Her opening UCC balance for the current year was $25,000 and she sold the car for $30,000. She has no other pieces of equipment in that pool. Calculate the total impact on her taxable income. Show your calculation to ensure partial marks if not completely correct. You must explain the result (ie. income or loss) to receive full marks. Format BIU