Statement of Advice 3 - Advice on net capital gains (10 marks for technical and calculation accuracy; refer to marking rubric for more guidance.) Since 1997 Andreas and Cynthia have invested in various Australian shares. Cynthia acquired the shares in her own name whereas Andreas had his company Border Pty Ltd acquire his share portfolio. On 20 August 2021 both Cynthia and Andreas made a decision to dispose of their Australian shares and the proceeds and purchase prices information are as follows. Cynthia's share portfolio Shares Mega Mining Ltd Global Media Ltd Purchase date Costs Proceeds 1 April 1997 $8,000 $12,400 10 June 2000 $15,000 $90,000 Watson Tel Ltd 17 May 2013 $34,000 $33,500 Qantas Ltd 8 January 2021 $17,900 $21,000 Border Pty Ltd share portfolio Shares Purchase date Costs Proceeds Xero Ltd 28 March 2018 $45,000 $62,000 Qantas Ltd 26 June 2021 $21,600 $28,800 Other information Cynthia has a capital loss of $600 carried forward from sale of painting during 2018. Required 1) Advise both Cynthia and Andreas on the CGT consequences of their share sales. 2) Calculate net capital gains for both Cynthia and Border Pty Ltd the 2021/22 tax year. You must provide all methods available for her and choose the best method to minimise net capital gains.