Question 1 For each scenario below, create a NIFTP and taxable income calculation which includes (at a minimum) the requirements requested (you need to create VALUES for each component of your calculation to meet the requirements set out below). Show the beginning and ending carryover balances. There can be more taking place (and in some cases, more than what is specifically mentioned will be required for the desired end result to occur). Scenarios: a) Employment income Business loss Property income Other deduction Use of a net capital loss carryover (limit the ability to use the full balance) Use of a non-capital loss carryover b) Business income Capital gain Capital loss Non-capital loss carryover is being created (or increased) c) Employment income Property loss Other income Net capital loss carryovers are being created