(Principal Residence Designation) In early 2021, Miss Mary Stern advises you that it is her intention to sell both her Ottawa residence and her condominium at Mt. Tremblant, Quebec. She acquired both of these properties in 2007 and has spent at least a part of each subsequent year in residence at each property. The cost of the Ottawa house was $173,000, while the Mt. Tremblant condominium was $131,000. She provides you with the following additional information: Estimated selling price Anticipated selling costs City Home $325,000 13,500 Condo $304,000 12,240 She has asked you to determine the minimum taxable capital gain that would result from the sale of the two properties during 2020. Required: Describe how the residences should be designated to accomplish Miss Stern's goal. Calculate the amount of the taxable capital gain that would arise under the designation that you have recommended