some of these answers may be incorrect

In 2022. Angela gifted shares of a public corporation to her 16 yeat-old son. The shares, which originally cost $8,000, had a value of $10,000 at the time of the gitt. Also in 2022, Angela had a rental loss of $3.000 (before amortizationdepreciation and capital cost allowance). The property was originally purchased for $70,000 (land $9,000; bullding $61,000 ). The class 1 bullding had an undepreciated capital cost of $50,000 at the end of the previous year, On the last day of 2022 , Angela sold the property for $100,000 (land $12,000;; bullding $88,000 ), She intends to purchase a new rental property in eatly 2023 for $200,000 (land $20,000, bullding $180,000 ). In the previous year, by agreement, Angela obtained the exclusive licence to distribute a certain product in Canada. In 2022, she divided the country into six sales teritories and sold 10 year sub licences to individuals in each teritory. Total proceeds were $24,000. Required: 1. Calculate Angela's net income for tax puposes for the 2022 taxation year in accordance with the aggregating formula of section 3 of the Income Tax Act. (Assume Other Deductions total \$2,000) divided the country into six sales territories and sold lu-year sub-icences to individuals in each territory. Iotar proceedis were $4,000. Required: 1. Calculate Angela's net income for tax purposes for the 2022 taxation year in accordance with the aggregating formula of section 3 of the Income Tax Act. (Assume Other Deductions total \$2,000.)