Problem 4.11 In November 2021, Michelle Jayden sold the following iteoms to a local Money Converters shop: a painting by a famous artist sold for $5000, she purchased this painting in 2005 for $1200. a Panasonic smart TV sold for $600, she purchased the TV for her household use in December 2018 for $2800. Advise Michelle of the tax consequences in relation to the transactions. Provide explanation with the reference to the relevant law provisions and calculations.