On January $1,2021,$ Bard Ltd$.$ has a Class $8$ UCC balance of $$32,400.$ The Class $8$ property are used in the company's business. The only transaction involving Class $8$ property during $2021$ was a disposition on July $12$ of a group of Class $8$ property that had a combined capital cost $$62,300.$ The combined proceeds of disposition was $$41,800.$ None of the properties were sold for an amount in excess if their capital cost. The Company's taxation year ends on December $31.$ What are the income tax consequences of the disposition of the Class $8$ properties for the $2021$ taxation year? In addition, determine the Class $8$ UCC balance as of January $1,2022.$