On Jan 1, 2022, Bert and Ernie form the Sesame Treat partnership. The partnership has a Dec 31 year end. The partnership agreement provides Bert with a 40% share of profits and losses. Bert initially contributes $52,500 and makes a further contribution of $30,240 on May 15,2022 . He withdraws $16,800 on Aug 31, 2022. Sesame Treat has the following sources of income in 2022: -Capital gains on sale of shares $48,720 - Eligible dividends received from Canadian corporations $13,020 -Net business income $196,140