1. Martha Shine owned the following in 2020:

2 Rental Properties (Property 1: land $70,000, building $55,000) (Property 2: land $90,000, building $60,000)

-Net rental income before CCA was $11,000.

-The UCC on building 1, as of January 1, 2020 was $50,000.

-The UCC on building 2, as of January 1, 2020 was $40,000.

-Property 2 was sold in 2020 for $250,000 (land $200,000, building $50,000)

Shares in ABC Inc. (a CCPC) valued at $50,000

-Non-eligible dividends paid to Martha in 2020 totalled $5,000.

Savings account balance of $30,000

-Interest earned on savings account in 2020 was $1,000.

Martha also worked full-time as a baker in 2020, earning a gross salary of $45,000.

Required:

Calculate Marthas net income for tax purposes in 2020 according to the section 3 format. Assume that Martha will take the maximum CCA allowed this year on her rental properties.