Q sold its warehouse for $500,000 (land $250,000; building $250,000) in the current year and purchased a larger warehouse for $550,000 (land $300,000; building $250,000). The original warehouse cost $350,000 (land $100,000; building $150,000) and was the only asset in Class 1 which had an undepreciated capital cost balance of $80,000 before the sale. Q Inc. elected to put the new warehouse into a separate Class 1 to take advantage of the 6% CCA rate. What is the minimum amount is to be reported in net income for tax purposes for the current year?