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Quantro Enterprises Ltd . and Baizley Holdings Ltd . ( BHL ) are both 1 0 0 % owned by Harold Baizley. Both companies are

Quantro Enterprises Ltd. and Baizley Holdings Ltd.(BHL) are both 100% owned by Harold Baizley. Both companies are Canadiancontrolled private corporations. Quantro operates a wholesale business and pays rent to BHL for the use of a warehouse property.
10 points BHL owns only one asset-the warehouse building and related land that is rented by Quantro for $36,000 per year. The property was originally owned by Quantro but was sold to BHL several years ago as a means to reduce the risk exposure of this appreciating asset.
On December 31,2023(the year-end of both companies), BHL sold the warehouse property to a third party for $370,000(land $40,000, building $330,000). The property originally cost $320,000(land $25,000, building $295,000). The undepreciated capital cost of the building at December 31,2022, was $254,000.
References
One month before selling the warehouse property, BHL purchased a newly constructed warehouse property for $480,000.(land $50,000, building $430,000.).
Required:
Determine BHL's net income for tax purposes for 2023.
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