The following information relates to Masti Venture's depreciable properties. UCC at the beginning of 2022 CLASS Item RATE UCC Jan 1, 2022 NOTE: 3 Building 5% $936,000 See Note 2 8 Equipment 20% 476,000 10.1 Automobile 30% 25,500 See Note 4 1 Building 6% 75,264 See Note 5 17 Parking Lot 8% 7,065 See Note 5 ADDITIONAL INFORMATION In 2022 1. A new factory building was acquired at a cost of $1,656,000 (Land $450,000, Building $1,206,000). As the building will be used 100% for manufacturing and processing it will be Class 1 property with a CCA rate of 10% 2. On January 1, 2021 Class 3 (CCA rate of 5%) building was burned to the ground. The capital cost of the building was $723,000. The insurance proceeds totalled $972,000. 3. In 2021, the company purchased Class 8 properties at a cost of $163,000. Also, Class 8 property with a capital cost of $105,000 was sold for proceeds of $86,000. 4. The only property in this class was the CEO's $510,000 Rolls Royce. The car was sold in 2021 for $385,000. 5. In 2021, the Class 1 building (CCA rate 6%) with the Class 17 parking lot (CCA rate 8%) was sold as follows: Proceeds of Disposition Capital Cost UCC January 1, 2021 BUILDING PARKING LOT $115,000 $7,000 80,000 75,264 8,000 7,065 6. On January 1, 2021, Leasehold improvements were made for $75,000. The term of the lease is 3 years with another renewal of 3 years. REQUIRED Prepare a schedule to show the maximum deductions for tax purposes available to Masti Venture for 2022 based on the above information. In addition, determine the amount of any capital gain, recapture, or terminal loss. Ignore GST/HST & PST You may use the CCA template attached herewith.