Photo Tonight, a film$-$developing and camera$-$repair franchise, began business on January $1,2023.$ In the process of beginning

operations, it incurred the following capital expenditures.

The business was immediately successful and generated substantial profits for the years ended December $31,2023$ and $2024.$

In $2024,$ the truck was traded in for a larger unit costing $$20,300.$ A value of $$7,000$ was assigned to the old truck when it was traded

in$.$

In $2025,$ the owner was forced to leave the business due to illness. As a result, the assets were valued and sold on December $31,$

$2025,$ for the following values.

Required:

Complete the table below to calculate the effect of all these transactions on net income for tax purposes for the $2023,2024,$ and

$2025$ taxation years. Assume none of the assets are designated immediate expensing property. $($Use a minus sign $(-)$ when entering

numbers that reduce UCC.$)$