Save Answer Question 1 5 points Fabric Ltd. has a taxation year which ends on December 31. On January 1, 2020, the Company had 10 assets in Class 10. The January 1, 2020 balance in this class was $83,400. The capital cost of these 10 assets was $110,000. Subsequent transactions during the year are as follows: On May 1, 2020, all of the original Class 10 assets are sold for $92,400. On June 1, 2020, 10 new assets are acquired at a cost of $105,000. On December 1, 2020, the 10 new assets are sold for $65,000. On December 31, 2020, no assets remain in Class 10. What is the effect of these transactions on the Company's 2020 net business income? In addition, determine the January 1, 2021 UCC balance