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In the following year, Mr$.$ Eldon Bean has the following sources of income or loss:

Property income of $$40,000$;

Taxable capital gains of $$35,500$;

Allowable capital losses of $$65,000$;

RRSP contribution $($other deduction$)$ of $$20,000$; &

Business income of $$150,250.$

What is the amount of Mr$.$ Beans Net Income for Tax Purposes for this year?