• Mr. Bill sold his rental property on August 25 , 2022. Mr. Bill has always rented out the house since he purchased it . The following information is provided : ACB / Capital Cost $ 375,000 UCC $ 240,000 Fair Market Value $ 890,000 A real estate agent is charging a sales commission on the rental property of 4 % on the FMV and the lawyer has charged a fee services to close the Mr. Bill incurred $ 6,000 in costs to stage the rental property and the real estate agent incurred $ 2,000 in advertising costs for the local newspapers What is the taxable income that must be included in Mr. Bill's income for his tax return in respect of the above transaction?