Requirement 1. Calculate the capital gain (or loss) for each of the dispositions in the current taxation year. Fill in the table below showing the capital gain (or loss) for each item. (Round your answers to the nearest cent. Enter losses with parentheses or a minus sign.) Requirement 2. Calculate the net taxable capital gain for Dr. James Harold for the current year. (Round your answer to the nearest cent.) The net taxable gain for the year is List of assets Additional information: The home was the principal residence for Dr. Harold and his former spouse for 10 years, ending in the current taxation year. Last year, Dr. Harold sold his cabin at the lake, which he claimed as his principal residence for two taxation years (the cabin at the lake was designated as Dr. Harold's principal residence for the two most recent taxation years.) Therefore, this home cannot be claimed as Dr. Harold's principal residence for those years. Additional information: Dr. Harold had to liquidate some shares of his privately owned professional corporation (which operates his dental practice) to pay for a settlement to his former spouse. Dr. Harold paid legal fees related to this sale of shares of $16,560. Please note that these shares do not meet the definition of Qualified Small Business Corporation Shares (QSBC). Asset Description Proceeds of Disposition Original Price Paid Gold ring $4,300 $0 Additional information: Dr. Harold inherited this ring from his mother's estate. At the time of his mother's death, the ring had a fair market value of $270. Asset Description Proceeds of Disposition Original Price Paid Westjet shares $48 per share (December) Various Additional information: Dr. Harold purchased the Westjet shares over a period of time. Several years ago, he purchased 1,100 shares for $20 per share. In January of the previous taxation year, Dr. Harold purchased 800 shares for $17 per share. In April of the previous taxation year, Dr. Harold sold 1,300 shares at $20 per share to buy a gift for his wife. In June of the current taxation year, Dr. Harold purchased 1,050 shares for $29 per share. In October of the current taxation year, Dr. Harold purchased another 1,450 shares for $35 per share. In December of the current year, Dr. Harold sold all of his remaining Westjet shares. There are no brokerage fees on any of the Westjet share transactions. Requirement 1. Calculate the capital gain (or loss) for each of the dispositions in the current taxation year. Fill in the table below showing the capital gain (or loss) for each item. (Round your answers to the nearest cent. Enter losses with parentheses or a minus sign.) Requirement 2. Calculate the net taxable capital gain for Dr. James Harold for the current year. (Round your answer to the nearest cent.) The net taxable gain for the year is List of assets Additional information: The home was the principal residence for Dr. Harold and his former spouse for 10 years, ending in the current taxation year. Last year, Dr. Harold sold his cabin at the lake, which he claimed as his principal residence for two taxation years (the cabin at the lake was designated as Dr. Harold's principal residence for the two most recent taxation years.) Therefore, this home cannot be claimed as Dr. Harold's principal residence for those years. Additional information: Dr. Harold had to liquidate some shares of his privately owned professional corporation (which operates his dental practice) to pay for a settlement to his former spouse. Dr. Harold paid legal fees related to this sale of shares of $16,560. Please note that these shares do not meet the definition of Qualified Small Business Corporation Shares (QSBC). Asset Description Proceeds of Disposition Original Price Paid Gold ring $4,300 $0 Additional information: Dr. Harold inherited this ring from his mother's estate. At the time of his mother's death, the ring had a fair market value of $270. Asset Description Proceeds of Disposition Original Price Paid Westjet shares $48 per share (December) Various Additional information: Dr. Harold purchased the Westjet shares over a period of time. Several years ago, he purchased 1,100 shares for $20 per share. In January of the previous taxation year, Dr. Harold purchased 800 shares for $17 per share. In April of the previous taxation year, Dr. Harold sold 1,300 shares at $20 per share to buy a gift for his wife. In June of the current taxation year, Dr. Harold purchased 1,050 shares for $29 per share. In October of the current taxation year, Dr. Harold purchased another 1,450 shares for $35 per share. In December of the current year, Dr. Harold sold all of his remaining Westjet shares. There are no brokerage fees on any of the Westjet share transactions