Sabrina accepted new employment during the year and moved from British Columbia to Ontario . She sold her old residence at a loss of $35,000 while the new residence cost her an extra $100,000 for a home comparable to her old residence. In addition to paying total moving costs of $25,000 to move to Toronto , it was agreed that her employer would not reimburse the extra cost of the new residence but would reimburse up to $35,000 of the loss on the sale of her old residence. Sabrina received an amount of $60,000 on December 31, 2020. Which of the following statements is correct with respect to the amount of $60,000 received by Sabrina?

A. Only $10,000 of the $60,000 received would be included in the employee's income for the year because the reimbursement of moving expenses is not taxable and the loss on the old residence is an eligible housing loss

B. The entire amount of $60,000 received is taxable because all amounts paid by an employer to an employee are taxable and must be included in income of the employee

C. None of the amount received is taxable for the employee because the amount received is a reimbursement of specific expenses paid by the employee for the benefit of the employer

D. None of the amount received is taxable for the employee because the employee's relocation was for the employer's benefit and the employee did not gain anything from receiving those payments

E. Only $30,000 of the $60,000 received would be included in the employee's income for the year, representing half of the amount received