The financial results of an individual are outlined below for three years.

Required:
1. Determine the individual€™s net capital losses, non-capital losses, and unused listed personal property losses for 20X2.
2. Determine the individual€™s minimum taxable income for 20X1 and 20X3.

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20X1 20X2 20X3 Employment income Capital gains S22,000 $27,000 S40,000 Listed personal property 5,000 Other capital property 40.000 -0- 12,000 Capital losses Listed personal property Shares of a small business cornp Other capital property -0 9,000) -0(40,000) -0 (48,000) Share of a business partnership's Income (loss) 7,000 (57,000) Actual dividends from Canadian corporationsNon-eligible 12,000 4,000 RRSP contributions 4.000