Please answer the following Taxation Question:

Ms. Jean Claus has an unincorporated business with a December 31 year-end. During 2017, its first year of operation, the business has a net business income of $45,000. The business also had an allowable capital loss during the year of $5,250 [(1/2)($10,500)], which could not be deducted. The following amounts relate to the year ending December 31, 2018:

Business Loss ($83,000)

Capital Gains 12,600

Capital Losses ( 6,300)

Ms. Claus has no other source of income or deductions in either year and does not anticipate realizing capital gains in the foreseeable future. Assume she wishes to minimize her net capital and non-capital loss carryovers at the end of 2018, without regard to her ability to claim her tax credits for the preceding year (2017). Calculate her Net Income For Tax Purposes and Taxable Income for 2017 and 2018 and any amended amounts for 2017. Indicate the amount and type of any losses available for carrying forward at the end of 2018.