On fanuary 1,2021, Rard Ud, has a Chass 8 ticC balence of $32,200. The Clsss 8 property are used in the companys business. The only transiction anvoling Cass 8 preperty during Roet wark a disposition on july 12 of a proug of Class 8 property that had a combined capital cost 962300 . The combined procteds of dosposicion was $411800 None of the groperties were sold lor an arnount in cecess if their Giptal cost. The Cornpary's taxation year ends on December 31 . What are the income car consequences of the daposition of the Chats 8 properties for the 2021 taxatian year? In addsion, desermine the Class 8 UCC balance as of january 1,2022