Question 3 (20 minutes) (15 marks) During 2021, Bob Twoholmes sold his two residences, in order to purchase a larger home in an expensive suburb. The following facts relate to these two residences. Bob has not sold any residence in the past. Date Purchased Cost Commission Proceeds City home 2012 $95,000 $21,000 $350,000 Cottage 2007 15,000 12,000 200,000 Compute the minimum anount of Taxable Capital Gains on the disposition of the two residences that Bob needs to repert on his return