State whether or not the following items form part of the assessable income of an Australian resident taxpayer under any provisions other than the capital gains tax provisions. Provide reasons for your answer including references to legislation, case law and any relevant ATO Guidance.

1. A table purchased at a garage sale for $5,000 and sold for $25,000.

2. Five-million shares in a company allotted at a price of $1 each to an employee of the

   company. At the time of issue, shares of the company were being traded on the ASX at

   $85.00, but at the end of the year of income their price had dropped to $45.00.

3. The profit on sale of investments by a life assurance company.

4. A prize in a literary competition won by a journalist.

5. A gift bequeathed to a taxpayer in consideration of his acting as a solicitor and executor

   of the will of the deceased husband of his friend, Lucy.