Peter moved from Manitoba to Nova Scotia in 2020, as a result of a promotion by his employer to open a new branch. When he sold his house in Manitoba he incurred a loss of $100,000 on the sale. Peters employer decided to reimburse him for the housing loss of $100,000 in 2020. Which of the following amounts represent the increase to Peters employment income in 2020 as a result of this reimbursement?

(2 marks) (Show Calculations)

(a) No change to employment income

(b) $42,500 added to employment income

(c) $85,000 added to employment income

(d) $100,000 added to employment income