Question: Please send the answer first and then add the explanations in the comments I need the answer fast. Thank you! During December 2019, Mr. Juan

Please send the answer first and then add the explanations in the comments I need the answer fast. Thank you!

During December 2019, Mr. Juan Bisaka sells a capital property with an adjusted cost base of $297,983 for proceeds of disposition of $382,000. Selling costs total $17,510. In the year of sale, he receives $88,411 in cash, along with the purchaser's note for the balance of the proceeds. The note is to be repaid in equal installments for 5 years beginning on December 1, 2020. He receives the 2020 payment in full. Assume that Mr. Bisaka deducts the maximum capital gains reserves.

Determine his taxable capital gain for 2019.

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