Mark transferred his cottage into an alter ego trust while he was in good health. Mark bought the cottage for $60,000 in 1984 and it was worth $140,000 in 2004 when he transferred it into the trust. Just before he died in 2011, Mark transferred the cottage, which was now worth $175,000, into a trust for his daughter Mary. Mary had the cottage transferred to her name in 2013 when the cottage was worth $200,000. She sold it in 2016 for $260,000. Complete the following table showing all calculations. (10 marks) 1 A B % $3 SCENARIO Change in FMV from Prior valuation Taxable Capital Gain for this Transaction Tax Paid by Mark transfers to $80,000 1514010001S0000) SO NOT APPLICABLE alter ego trust A B I 2 13 cottage into a trust for his daughter Mary I Mary transfers title to her name Mary sold the cottage TOTAL GAIN Maximum file size: 16MB maximum number of files