Sunlite Ltd., has the following information with respect to its depreciable property on January 1 , 2022: During the 2022 taxation year, the following transactions occur: Class 8 - 20\%: April 15 - Furniture with a capital cost of $40,000 was sold for $35,000. June 30 - New ergonomic desis with a cost of $85,000 were purchased. There is still property in class 8 on the last day of the taxation year. Class 1 - New Building. (10%;6%); March 5 - New building purchased with a capital cost of $450,000. Of this total 10% was allocated to Land and 90% to Building. The floor space of the building will be used 95% for manufacturing and processing (M\&P) and 5% for office space for the M\&P activities. An election was filed to include the buiding in a separate dass 1. Class 1 - Old Euilding (4%) July 10 - During the year, a bullding (including land) purchased in 2001 with a capitel cost of $350,000 was sold for $380,000. Of the $380,000 recelved, $150,000 is for the land on which the building is situated and the remaining $230,000 for the building. The ACB of the land was equal to $150,000 POD. Note: Assume that any depreciable property purchases meet the conditions to qualify for the AccIf. Required (show all calculations): 1. For the 2022 taxation year calculate the maximum CCA that can be claimed by Sunlite for each CCA class. 2. In addition, calculate the January 1, 2023, UcC balance for each class. 3. Indicate whether there are any other income tax consequences as a result of any of the transactions related to depreciable property in 2022 . Sunlite Ltd., has the following information with respect to its depreciable property on January 1 , 2022: During the 2022 taxation year, the following transactions occur: Class 8 - 20\%: April 15 - Furniture with a capital cost of $40,000 was sold for $35,000. June 30 - New ergonomic desis with a cost of $85,000 were purchased. There is still property in class 8 on the last day of the taxation year. Class 1 - New Building. (10%;6%); March 5 - New building purchased with a capital cost of $450,000. Of this total 10% was allocated to Land and 90% to Building. The floor space of the building will be used 95% for manufacturing and processing (M\&P) and 5% for office space for the M\&P activities. An election was filed to include the buiding in a separate dass 1. Class 1 - Old Euilding (4%) July 10 - During the year, a bullding (including land) purchased in 2001 with a capitel cost of $350,000 was sold for $380,000. Of the $380,000 recelved, $150,000 is for the land on which the building is situated and the remaining $230,000 for the building. The ACB of the land was equal to $150,000 POD. Note: Assume that any depreciable property purchases meet the conditions to qualify for the AccIf. Required (show all calculations): 1. For the 2022 taxation year calculate the maximum CCA that can be claimed by Sunlite for each CCA class. 2. In addition, calculate the January 1, 2023, UcC balance for each class. 3. Indicate whether there are any other income tax consequences as a result of any of the transactions related to depreciable property in 2022