Mr. Geoffrey Guo had a variety of transactions during the 2019 year. Determine the total taxable capital gains included in Mr. Guo's division B income. The transactions included:

1. On January 1, 2019, Geoffrey purchased 2100 shares of Ted Ltd. at $25 per share and 500 shares at $30 per share on February 5, 2019. He sold 250 of these shares on July 20, 2019 at $23 per share.

2. On September 30, 2019, he purchased an additional 850 shares of Ted. Ltd. at $29 per share. On December 30, 2019, he sold 280 Ted Ltd. shares at $65 per share.

3. Geoffrey owns 3300 shares of Baxter Ltd. with an adjusted cost base of $14 per share. On May 15, 2019, he sells all 3300 Baxter Ltd. shares at $7 per share. On May 20, 2019, he acquires 1290 shares of Baxter Ltd. at a cost of $4 per share and is still holding these shares at the end of the year.

4. On July 6, 2019, Geoffrey sells a capital property (28 Malpass Road) with an adjusted cost base of $130000 for proceeds of disposition of $370000. In 2019, he receives $80,000 in cash, along with the purchaser's note for the balance of the proceeds. The note is to be repaid in full ($290000) in five years. Assume that Geoffrey deducts the maximum capital gains reserve.

5. In October, 2018, Geoffrey sold a different capital property (17 Greenview Ave) with an adjusted cost base of $115000 for proceeds of disposition of $210000. In 2018, he received $75,000 in cash, along with the purchaser's note for the balance of the proceeds. The note is to be repaid at the rate of $2,500 per year beginning in 2019. He receives the 2019 payment of $2,500 in full. Assume that Geoffrey deducts the maximum capital gains reserve in both 2018 and 2019.

6. Geoffrey purchased his first home in London, Ontario in 2008 at a cost of $51000. In 2012, he also purchased a cottage in Muskoka for $100000. In November, 2019, both properties are sold, the house for $195000 and the cottage for $180000. Both of these properties can qualify as a principal residence for him. He will designate the principal residence exemption in such a way that will minimize the taxable capital gains that he must report on the sale of these two properties.

7. Geoffrey owned a personal sailboat with an adjusted cost base of $30000. He sold it for $72000 in October 2019.

8. Geoffrey personally owned an oil painting that he purchased many years ago for $350. He sold it for $8000 in June 2019.

9. Geoffrey kept a bench on the front porch of his home which cost him $1700 several years ago. He sold it for $200 in January 2019.

Required: Determine the total net taxable capital gains included in paragraph 3(b) of Mr. Guo's divison B income. Respond on "P3- Response" tab. Final answers for each line item should be typed into the yellow boxes. Please show all your backup work in the designated green space for full marks.

AutoSave OH 09 Take home assignment RESPONSE SHEET 3044 W2001 - Excel Search Connor Greaton CG File Home Insert Page Layout Formulas Data Review View Help Share Comments Xce Calibri - AN === 2 Wrap Text - AutoSum - H C. Copy Paste BIU A Conditional Format Escere Insert Delete Format Format Painter Sort Find a Andly Formatting Table & Clear Filter Select Data Clipboard Font Alignment Number Styles Cells Editing Analysis f Problem 3-put all of your final answers in the yellow boxes below, and show any additional work in the green identified area. Losses and/or reserves should be depicted with a negative number, gains with a positive number. D E H 1 J K L M N Problem 3-put all of your final answers in the yellow boxes below, and show any additional work in the green identified area. Losses and/or reserves should be depicted with a negative number: gains with a positive number Item Relevant Asset 6 number Disposaldate Asset name Description of tax implication associated with asset disposal: Show any additional notes/ work in green space** required for this question: 7 7 1 July 20, 2015 Ted. Ltd shares Allowable capital loss- Ted Ltd: July 20, 2019: (negativel 8 9 2 December 30, 2019 Ted. Ltd Shares Taxable capital gain-Ted Ltd: December 30, 2019: 10 11 3 May 15, 2019 Baxter Ltd. Shares Allowable capital loss Baxter Ltd.: (negative) 12 13 4 July 6, 2019 28 Malpass Road Al Capital gain before considering 2019 reserve: 14 15 4 July 6, 2019 28 Malpass Road B) Less: 2019 reserve taken: (negative) 16 17 4 July 6, 2019 28 Malpass Road C) 2019 Tavable capital gain (A+B) 50W 0.00 18 19 5 October 2018 17 Greenview Ave AJ 2013 Reserve Added to Income in 2019: 20 21 5 October 2018 17 Greenview Ave B) 2019 Reserve taken: (negative) 22 23 5 October 2018 17 Greenview Ave C) 2019 Taxable capital gain (A+B)*50%) 0.00 24 25 6 November 2015 London Ontario Home 2019 taxable capital gain after principal residence exemption) 26 6 November 2019 Muskoka Cottage 2019 taxable capital gain (after principal residence exemption) 29 7 October 2019 Sailboat 2019 taxable capital gain 30 21 8 June 2019 Oil painting 2019 taxable capital gain 33 9 January 2019 Bench 2019 allowable capital loss 34 35 36 37 3(b) Total 2019 net taxable capital gains 0.00 formulized do not type over Name Entry Total marks 21- Instructions 21- Response P2- Instructions P2- Response P3- Instructions P3 Response Select destination and press ENTER or choose Paste I Type here to search O BI L 985 A.Eade 233 PM 3/8/2021