The following financial information is provided for the 2021 taxation year for Angela Fowler:

Interest income	$	24,000
Net loss from retail store for the year ended December 31, 2021		(11,000	)
Gain on sale of public corporation shares		12,000
Loss on sale of shares of a CCPC qualified as a small business corporation		(14,000	)
Dividends from foreign corporations, net of $200 withholding tax		2,800
Loss on sale of land that was originally purchased to build a rental property. The project was cancelled after a rezoning application was lost.		(34,000	)
Gain on sale of an oil painting		8,000
Directors fees for attendance at corporate meetings		10,000
Loss on sale of personal jewellery		9,000
CPP enhanced contributions		173

In 2021, Angela gifted shares of a Canadian-controlled public corporation (CCPC) to her 16-year-old son. The shares, which originally cost $12,000, had a value of $14,000 at the time of the gift.

Also in 2021, Angela had a rental loss of $6,000 (before amortization/depreciation and capital cost allowance). The property was originally purchased for $78,000 (land - $13,000, building - $65,000).The class 1 building had an unamortized capital cost of $50,000 at the end of the previous year. On the last day of 2021, Angela sold the property for $108,000 (land - $16,000, building - $92,000).

In the previous year, by agreement, Angela obtained the exclusive licence to distribute a certain product in Canada. In 2021, she divided the country into six sales territories and sold 10-year sub-licences to individuals in each territory. Total proceeds were $28,000. Required: 1. Calculate Angelas net income for tax purposes for the 2021 taxation year in accordance with the aggregating formula of section 3 of the Income Tax Act.