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May you please help me solve this taxation question Question 4 (25 Marks) Ms. Julia Fenwick purchased a triplex on February 0?, 2018 for a

May you please help me solve this taxation question

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Question 4 (25 Marks) Ms. Julia Fenwick purchased a triplex on February 0?, 2018 for a total cost of $ 995,000. Of this amount, it is estimated that $ 275,000 should be allocated to the land on which the building was located. The three rental units in the triplex are identical in size and features and, for purposes of allocation to a CCA class, the property is considered to be a single unit. On February 13, 2018, Ms. Julia Fenwick purchased furniture and appliances for one of the units at a total cost of $ 18,000. Early in March, 2018, all three units were rented. For 2018, Ms. Julia Fenwick's triplex generated rents of $ 70,000 and incurred expenses, other than CCA, of $ 18,000. In August, 2019, the tenants in the furnished unit moved out and purchased all the furniture and appliances from Ms. Julia Fenwick for $ 11,000. For 2019, Ms. Julia Fenwick's triplex generated rents of $ 43,000 and incurred expenses, other than CCA, of$ 29,000. Ms. Julia Fenwick claimed the maximum CCA allowable in both years. Required: Calculate the Net Rental Income 2018 and 2019. Also, determine the UCC balances on January I, 2020. Include in your solution any tax consequences associated with the sale of the furniture and appliances

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