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Mr. Slumlord owns and operates rental properties. The information relating to these properties for the year ended December 31, 2018 is as follows: Building A

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Mr. Slumlord owns and operates rental properties. The information relating to these properties for the year ended December 31, 2018 is as follows: Building A Class 1-4% Building B Class 3-5% Building C Class 3-5% Appliances Class 8-20% Capital Cost $140,000 $495,000 $125,000 $ 15,000 UCC @ Dec 31, 2017 $120,000 $490,000 $115,000 $ 3,000 Proceeds of Sale N/A * see note N/A * see note Rent revenues $ 12,000 $ 40,000 $10,000 $ $ $ 2,800 820 3,300 1,700 6,700 9,900 2,600 8,500 3,400 8,425 2,500 780 2,200 1,500 3,375 Disbursements: Property taxes Insurance Repairs Mortgage interest Mortgage principal Superintendent Salaries Legal fees on sale of property Cost of addition to Building A 20,000 4,000 25,000 * Note: On November 15, 2018, Building B, the land on which it sits and the appliances contained within the building were sold for total proceeds of $637,500. The selling expenses are noted above in the list of disbursements. The proceeds of sale and the related selling expenses were not separately allocated to Land, Building and Appliances, according to the information provided in the legal sale document. However, a competent appraiser assessed the property and provided the following values: Land (original cost was $135,000) Building Appliances $130,000 520,000 -0- The appliances sold with Building B were the only assets contained in Class 8-in other words, there were no Class 8 assets remaining as at December 31, 2018 REQUIRED: (a) Using proper format, prepare a Statement of Rental Income for the year ended December 31, 2018, to be filed by Mr. Slumlord with his 2018 personal income tax return (b) Calculate any taxable capital gain or allowable capital loss with respect to the sale of the rental property, which Mr. Slumlord will have to report on his 2018 personal income tax retum. (Remember that with the sale of real estate, you can not "lump" everything into one calculation!) (c) Complete the CCA schedule to accompany the statement of rental income from part (a). Mr. Slumlord owns and operates rental properties. The information relating to these properties for the year ended December 31, 2018 is as follows: Building A Class 1-4% Building B Class 3-5% Building C Class 3-5% Appliances Class 8-20% Capital Cost $140,000 $495,000 $125,000 $ 15,000 UCC @ Dec 31, 2017 $120,000 $490,000 $115,000 $ 3,000 Proceeds of Sale N/A * see note N/A * see note Rent revenues $ 12,000 $ 40,000 $10,000 $ $ $ 2,800 820 3,300 1,700 6,700 9,900 2,600 8,500 3,400 8,425 2,500 780 2,200 1,500 3,375 Disbursements: Property taxes Insurance Repairs Mortgage interest Mortgage principal Superintendent Salaries Legal fees on sale of property Cost of addition to Building A 20,000 4,000 25,000 * Note: On November 15, 2018, Building B, the land on which it sits and the appliances contained within the building were sold for total proceeds of $637,500. The selling expenses are noted above in the list of disbursements. The proceeds of sale and the related selling expenses were not separately allocated to Land, Building and Appliances, according to the information provided in the legal sale document. However, a competent appraiser assessed the property and provided the following values: Land (original cost was $135,000) Building Appliances $130,000 520,000 -0- The appliances sold with Building B were the only assets contained in Class 8-in other words, there were no Class 8 assets remaining as at December 31, 2018 REQUIRED: (a) Using proper format, prepare a Statement of Rental Income for the year ended December 31, 2018, to be filed by Mr. Slumlord with his 2018 personal income tax return (b) Calculate any taxable capital gain or allowable capital loss with respect to the sale of the rental property, which Mr. Slumlord will have to report on his 2018 personal income tax retum. (Remember that with the sale of real estate, you can not "lump" everything into one calculation!) (c) Complete the CCA schedule to accompany the statement of rental income from part (a)

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