The financial results of an individual are outlined below for three years. 2020 2021 2022 Employment income $19,000 $ 33,000 $50,000 Capital gains: Listed personal property -0- -0- 6,700 Other capital property 42,000 - 0- 20,000 Capital losses: Listed personal property -0- (12,000) -0- Shares of a small business corp. -0- (53,200) -0- Other capital property -0- (58,000) -0- Share of a business partnership's Income (loss) 10,000 (75,900 -0- Dividends from Canadian corporations -Non-eligible (CCPC) 14,000 7,000 RRSP contributions 4,000 -0- -0- 1. Determine the individual's net capital losses, non-capital losses, and listed personal property losses for 2021 by completing the chart below. When inputting amounts in the computation of net income and taxable income, any reduction should be entered as a negative amount. When computing the carry forward balances, enter all amounts as positive numbers. Ignore the affect of any applicable Canada Pension Plan contributions. 2021 3(a) Employment income $ 33,000 Property income $ 8,050 Subtotal for paragraph 3(a) $ 41,050 3(b) Allowable capital losses Net gain for the year from dispositions of listed personal property Subtotal for paragraph 3(b) 3(c) Other deductions 3(d) Allowable business investment loss (ABIL) Business loss $ 0 Amount determined under paragraph 3(d) Net income for tax purposes Taxable income Loss carry forward balances: Net capital losses Non-capital losses Listed personal property loss2. Determine the individual's taxable income for 2020 and 2022. (Enter reductions to net income and taxable income as negative amounts. Enter any unused loss carry forward balances as positive amounts.) 2020 Amended 3(a) Employment income 19,000 Business income 10,000 Property income 16,100 Subtotal for paragraph 3(a) $ 45,100 3(b) Taxable capital gains 21,000 3(c) RRSP contribution (4,000) 3(d) Losses $ 0 Net income $ 62,100 Loss carry forward deductions: Deduct Unused Net capital loss Deduct Unused Non capital loss Taxable income Loss carry forward balances (enter as positive amounts): Net capital losses Non capital losses Listed personal property losses 2022 3(a) Employment income $ 50,000 3(b) Net gain for the year from dispositions of listed personal property $ 0 Taxable capital gains Subtotal for paragraph 3(b) 3(c) Other deductions 3(d) Losses Net Income Loss carry forward deductions: Net capital loss Non capital loss Taxable income Loss carry forward balances (enter as positive amounts): Net capital losses Non capital losses Listed personal property losses