The following financial information is provided for the 2022 taxation year for Angela Fowler: Interest income Net loss from retail store for the year ended December 31, 2022 Gain on sale of public corporation shares Loss on sale of shares of a small business corporation Dividends from foreign corporations, net of $200 withholding tax Loss on sale of land that was originally purchased to build a rental property. The project was cancelled after a rezoning application was lost. Gain on sale of an oil painting Director's fees for attendance at corporate meetings Loss on sale of personal jewellery $ 26,000 (13,000) 14,000 (16,000) 1,800 (32,000) 10,000 12,000 (11,000) In 2022, Angela gifted shares of a public corporation to her 16-year-old son. The shares, which originally cost $14,000, had a value of $16,000 at the time of the gift. Also in 2022, Angela had a rental loss of $7,000 (before amortization/depreciation and capital cost allowance). The property was originally purchased for $82,000 (land - $15,000; building - $67,000). The class 1 building had an undepreciated capital cost of $50,000 at the end of the previous year. On the last day of 2022, Angela sold the property for $112,000 (land - $18,000; building - $94,000). She intends to purchase a new rental property in early 2023 for $200,000 (land - $26,000; building - $180,000). In the previous year, by agreement, Angela obtained the exclusive licence to distribute a certain product in Canada. In 2022, she divided the country into six sales territories and sold 10-year sub-licences to individuals in each territory. Total proceeds were $30,000. Required: 1. Calculate Angela's net income for tax purposes for the 2022 taxation year in accordance with the aggregating formula of section 3 of the Income Tax Act. (Assume Other Deductions total $2,000.) Paragraph 3(a) Income Paragraph 3(b) Capital gains & capital losses Paragraph 3(c) Other deductions Paragraph 3(d) Losses $ 69 $ 0 $ $ 0