2. Rebecca Hansen incorporates her business by selling the business properties to a corporation. The total elected amounts for all properties is $800,000. The fair market value (FMV) of the business properties is $1,500,000. Rebecca receives the following consideration: Cash $200,000 FMV of preferred shares for the new corporation $600,000 FMV of common shares for the new corporation $700,000 How will the elected amount be allocated between: the non-share consideration (NSC) and the preferred and common shares issued