A shareholder of a Canadian corporation is planning to transfer a building to the corporation and wishes to avoid tax on the transaction. The building originally cost $150,000. It has a UCC of $85,000 and a fair market value of $225,000. Which of the following will meet the taxpayer's wish?

a) The shareholder can receive non-share consideration of $225,000 and preferred shares of $0.

b) The shareholder can receive non-share consideration of $140,000 and preferred shares of $10,000.

c) The shareholder can receive non-share consideration of $85,000 and preferred shares of $140,000.

d) The shareholder can receive non-share consideration of $150,000 and preferred shares of $85,000.