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Martha Shine Has Provided You with the Following Information for 20xx

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Martha Shine has provided you with the following information for 20xx:
She owns rental properties originally valued at $275,000. (Property 1: land $70,000, building $55,000) (Property 2: land $90,000, building $60,000)
The buildings are Class 1 (4%) properties.
-Net rental income before CCA in 20xx was $11,000.
-The UCC on building 1 at the beginning of 20xx was $50,000.
-The UCC on building 2 at the beginning of 20xx was $40,000.
-Property 2 was sold in 20xx for $250,000 (land $200,000, building $50,000)
She owns shares in ABC Inc. (a CCPC) valued at $50,000.
-She received $5,000 in non-eligible dividends on the shares in 20xx.
Martha purchased a 5-year GIC two years ago for $30,000.
-Interest earned in 20xx was $1,000.
Martha worked full-time as a baker in 20xx, earning a gross salary of $45,000.
Martha is in a 45% tax bracket.
Required:
Calculate Martha's net income for tax purposes in 20xx in accordance with Section 3 of the Income Tax Act. Martha will take the maximum CCA allowed this year on her rental properties. (Assume the tax year is 2019.)

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