Phil Zamboni realized taxable capital gains of $$12,000$ in $2016.$ This gain was offset by a capital gains deduction of $$12,000$ in that year. This was the only time he had ever used his capital gains exemption. Phil has a cumulative net investment loss balance of $$29,800$ consisting of the following amounts: Cumulative net investment loss $201920202021$ Total Investment expenses: Cumulative net rental losses $$15,000$ $$13,000$ $$1,000$ $$29,000$ Cumulative interest expense and carry$-$ ing charges $1,4752,0003,475$ Investment Income: Cumulative investment income $(825)(1,650)(2,475)$ Cumulative taxable dividends $(200)$ $$29,800200$ Phil had also realized a business investment loss of $$26,000$ in December $2018.$ In $2021,$ Phil sold the shares of Maps Unlimited Ltd$.,$ a qualified small business corporation, for a capital gain of $$185,000$ and he realized a capital loss of $$21,000$ on the sale of public company shares. He also has a $$12,000$ net capital loss carryforward that he would like to use to minimize tax in $2021($the disallowed portion of the ABIL from $2018).$ Phil had no other previous capital transactions, investment income, or investment expenses. Phil has asked you to calculate his capital gains deduction for $2021$ supported by all the necessary calculations.