Jim Inc. is a very successful mobile cleaning company that goes to different businesses and households to perform cleaning services. They also have a few offices that take care of the management of the cleaning staff. has a December 31 year-end. On January 1, 2020, Arcana has depreciable assets with the following information in its records:

In the 2020 taxation year, had the following transactions occur:

Decided to sell some of their furniture that they no longer needed. The furniture had an original cost of $68,000 and was sold for $30,000. There are still assets remaining in Class 8 at the end of the year.