Ms. Jean Claus carries on a business as a sole proprietor. The business uses a calendar-based...

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Ms. Jean Claus carries on a business as a sole proprietor. The business uses a calendar-based fiscal period (January 1 to December 31). In 2022, the first year of business, there was business income of $45,000 and an allowable capital loss of $5,250 [(1/2) ($10,500)], which could not be deducted because of the absence of any taxable capital gains. The following amounts relate to 2023: Business Loss Taxable Capital Gains Allowable Capital Losses ($83,000) 6,300 (3,150) Ms. Claus has no other income or deductions in either year and does not anticipate realizing capital gains in the foreseeable future. Assume she wishes to maximize the use of any loss carryovers to reduce taxable income in any carryover years, without regard to her ability to claim any personal tax credits. Calculate her 2022 and 2023 net income and taxable income and any revisions to 2022 net income and taxable income. Indicate the amount and type of any losses available for carry forward to other years. Ms. Jean Claus carries on a business as a sole proprietor. The business uses a calendar-based fiscal period (January 1 to December 31). In 2022, the first year of business, there was business income of $45,000 and an allowable capital loss of $5,250 [(1/2) ($10,500)], which could not be deducted because of the absence of any taxable capital gains. The following amounts relate to 2023: Business Loss Taxable Capital Gains Allowable Capital Losses ($83,000) 6,300 (3,150) Ms. Claus has no other income or deductions in either year and does not anticipate realizing capital gains in the foreseeable future. Assume she wishes to maximize the use of any loss carryovers to reduce taxable income in any carryover years, without regard to her ability to claim any personal tax credits. Calculate her 2022 and 2023 net income and taxable income and any revisions to 2022 net income and taxable income. Indicate the amount and type of any losses available for carry forward to other years.