Mary had a busy 2021 year that included the following transactions: 1. Mary had bought and sold shares of Winners Ltd. (a Canadian public company) over the last several years, as follows: Shares Cost Total Purchased (Proceeds) Cost Year (Sold) Per Share (Proceeds) July 20, 2016 100 $10 $1,000 October 15, 2018 200 $25 $5,000 March 1, 2019 (200) $(15) $(3,000) June 30, 2021 (100) $(50) $(5,000) On January 31, 2021, Mary received a 100 share stock dividend. The fair market value of the shares at the time was $30 per share, and the total amount, $3,000, was credited to the paid up capital of Winners Ltd. 2. Mary owns two residential rental properties (Property A and Property B) that are mortgaged. Both properties are in a separate Class 1 with a CCA rate of 4%. On January 1, 2021, Property A has a UCC of $500,000 and Property B has a UCC of $800,000. Before consideration of CCA, Net Rental income from Property A is $24,000. and Property B has a rental loss of $8,000. Marks Exam Support 3. Mary acquired an investment contract with a face value of $100,000 in mid 2020.11 matures on June 30, 2023, with interest accruing at 4 percent per annum. The interest will be paid at maturity 4. Mary also owns 1,000 shares of a German public corporation, which she inherited from her German uncle many years ago. The corporation paid dividends during 2021, but she only received $1,500 since 25% tax was withheld in Germany. All amounts are stated in Canadian dollars. 5. Mary moved from Calgary to Montreal to accept a new job on July 1, 2020. In anticipation of the move she purchased a new home in Montreal in 2020 for $300,000. 6. 6. Mary finally sold her Calgary home in 2021 for $900,000. She had purchased it in 2012 for $400,000, at which time she moved in. She had not lived in the Calgary house, nor had she tried to rent it to anyone else, since moving into her Montreal house on July 1, 2020. 7. Mary purchased a vacant piece of land in London, England for $1,100,000 on February 1, 2021, which she financed with a bank loan. She had intended to develop the property but later accepted an unsolicited offer on November 1, 2021 and sold the land for $1,500,000. This is the only land she has ever sold in her life. She paid $60,000 of interest to the bank, and $40,000 of municipal taxes on the land in 2021. The purchaser paid her $500,000 in 2021, with the remaining $1,000,000 to be paid in equal annual instalments over the next 10 years, beginning in 2022. Exam Support 8. Mary owned 1000 shares of Loser Ltd., a public company, which she had bought in 2018 for $10 per share. On September 1, 2021 she sold all these shares for $6 per share. On September 28, 2021 she purchased 600 shares of Loser Ltd. for $5 per share. 9. Mary disposed of the following personal assets in 2021: Sales Price Oil painting Personal automobile Sailboat Diamond necklace Antique desk REQUIRED: Cost 21,000 $ 300 28,000 36,000 30,000 24,000 12,000 20,000 600 2,000 Prepare a concise schedule that will identify the minimum taxable income earned pursuant to every transaction mentioned above, in order to arrive at Mary's total minimum net income for tax purposes (Division B income) for 2021. Exam Support