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Question #10On December 31, 2018, Mr

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Question #10On December 31, 2018, Mr. Tom London gives shares with an adjusted cost base of $21,500 and a fair market valueof $35,200 to his 9 year old son, Patrick London.  On February 24, 2019, the shares pay eligible dividends of $2,060($2,843   taxable   amount)   and,   on   August   31,   2019,   Patrick   sells   the   shares   for   $39,800.    What   are   the   taxconsequences for Mr. London and Patrick in each of the years 2018 and 2019?   If there are no tax consequences foreither individual in a given year, you should clearly state this fact in your answer