Reference no: EM133120779

India and Caleb met in 2007 and got legally married on February 7, 2009. They separated on December 1, 2019, and divorced on February 1, 2022. 

• Caleb bought a two-bedroom apartment in 2005 when it was valued at $200,000. When Caleb and India got married, India moved into Caleb's apartment. The apartment was valued at $300,000 on the date of marriage, $400,000 on December 1, 2019, and $450,000 on February 1, 2022.
• When Caleb and India got married, Caleb had $10,000 in his RRSP. On December 1, 2019, Caleb had $80,000 in his RRSP, and on February 1, 2022, $87,500. 
• When they got married, Caleb had personal items (e.g., clothing) valued at $10,000. These items are valued at $7,500 on December 1, 2019, and $7,000 on February 1, 2022.
• Caleb received a cash bonus of $30,000 on December 31, 2019. He invested this amount in Bitcoin and it was worth $150,000 on February 1, 2022. 
• India had $150,000 invested in stocks and bonds when she married Caleb, which was worth $250,000 on December 1, 2019, and $270,000 on February 1, 2022.
• India inherited $50,000 from her deceased mother in 2012. She spent this amount to purchase an antique painting which was later valued at $300,000 on December 1, 2019, and $325,000 on February 1, 2022. She kept a detailed record proving that the painting was purchased with the inheritance. 
• India received a cash bonus of $30,000 in 2015 and spent $20,000 for a vacation on a cruise to Europe with Caleb in the same year. She kept the remaining amount in a savings account, which was worth $10,500 on December 1, 2019, and $11,000 on February 1, 2022. 

Assume that the above is the full list of items that will be considered for the asset division. They did not sign any domestic contract. 

1. Using the above information, indicate how all assets will be divided. 

2. Identify the items excluded from separation and specify why they are excluded.