Q$1.$ Mr$.$ Kerr carries on a business as a sole proprietor which uses a December $31$ fiscal period. In $2022,$ its first year of operation, there is $$40,000$ of business income and a taxable capital gain of $$6,000[(1/2)($$$12,000)].$ The following amounts relate to the $2023$ taxation year: Business Loss $-60,000$

Taxable Capital Gains $4,500$

Allowable Capital Losses $-11,000$

Required: Mr$.$ Kerr has no other types of income or deductions in either year. Assume that he wishes to minimize any net capital and non$-$capital losses carried forward. Calculate the following:

$1)$ Net income for tax purposes and taxable income for $2022.$

$2)$ Net income for tax purposes and taxable income for $2023.$

$3)$ Amended $($if any$)$ amounts for $2022$ as a result of losses carried over.

$4)$ Indicate the amount and type of any losses available for carry forward to other taxation years after all adjustments have been made.