The following financial information is provided for the 2023 taxation year for Angela Fowler. Interest income Net loss from retail store for the year ended December 31, 2023 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 2023, 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 2023, 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 2023, Angela sold the property for $112,000 (land - $18,000; building - $94,000). She intends to purchase a new rental property in early 2024 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 2023, 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: Calculate Angela's net income for tax purposes for the 2023 taxation year in accordance with the aggregating formula of section 3 of the Income Tax Act. (Assume Other Deductions total $2,000.)