Quantro Enterprises Ltd. and Baizley Holdings Ltd. (BHL) are both 100% owned by Harold Baizley. Both companies are Canadian-controlled private corporations. Quantro operates a wholesale business and pays rent to BHL for the use of a warehouse property. BHL owns only one asset-the warehouse building and related land that is rented by Quantro for $48,000 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, 2021 (the year-end of both companies), BHL sold the warehouse property to a third party for $492,400 (land $53,200, building $439,200). The property originally cost $426,000 (land $33,300, building $392,700).The undepreciated capital cost of the building at December 31, 2020, was $338,000. One month before selling the warehouse property, BHL purchased a newly constructed warehouse property for $638,900. (land $66,600, building $572,300.). Required: Determine BHL's net income for tax purposes for 2021. Net Property Income Net Taxable Capital Gains Net Income for Tax purposes IN