Jennifer Park owned two rental properties on January 1 of the current year, and sold them both on December 31 of the current year.

Property A was acquired at a cost of $140,000, of which $40,000 was allocated to the land. The building (capital cost allowance (CCA) Class 1 4%) had an opening undepreciated capital cost (UCC) of $69,000. Property A was sold for $320,000, of which $110,000 was allocated to the land.

Property B was acquired at a cost of $310,000, of which $70,000 was allocated to the land. The building (CCA Class 1 4%) had an opening UCC of $192,000. Property B was sold for $150,000, of which $50,000 was allocated to the land.

Which of the following amounts is closest (rounded) to the amount to be included in Jennifer's taxable income in the current year as a result of the dispositions of Property A and Property B? Ignore transaction costs.

options:

($51,000)

$19,000

$29,000

$74,000