Danny has additional investment income as follows: a. Dividends received from shares in McDonalds Corporation, a public company - $10,000 b. Dividends from investment in J. Rippers Music Company, a Canadian Controlled Private Company - $7,000 c. In May 2015, Danny’s investment in Sunshine Mutual Fund paid a distribution of $11.00 per unit. Danny owns 8,000 units. The distribution was broken down as follows: ? Capital Gain - $2.50; ? Eligible dividend - $5.25; ? Interest - $1.95; and ? Return of Capital - $1.30. All amounts from the distribution were reinvested in Sunshine Mutual Fund for unit at a cost of $9.25/unit. The May 2015 distribution was the only distribution Danny received since acquiring the 8,000 units in 2013 at a cost of $6.75/unit. d. In December 2015, Danny sold 75% of his units in Sunshine Mutual Fund to DJ for $500 to let DJ have the opportunity to begin owning investments and managing them accordingly. Compute Net Income, Taxable Income and Net Federal Tax Payable for 2015 for Danny Tanner.