Question 1: Principal Residence & Capital Gains (10 Marks) Jane Herbert acquired a house in 2016 for $300,000. In 2018 she acquired a cottage for $150,000. She lived in the house in the winter and in the cottage in the summer. In 2020 she sold both properties. She received $400,000 for the house and $250,000 for the cottage. Determine the minimum taxable capital gain to be reported by Jane on the sale of the two properties