Calamari Inc. has transferred the following three assets to Squid Co., a Canadian controlled private corporation, under section 85 of the Income Tax Act.

                                                                       Building               Land

Adjusted cost base (ACB)                          $230,000             $70,000

Fair market value                                        $220,000            $150,000

Undepreciated capital cost (UCC)            $120,000                    N/A

Sale price                                                     $220,000            $150,000

Cash received                                             $100,000            $100,000

Shares received                                          $120,000            $50,000

Determine the following amounts:

A) The minimum amount that Calamari may elect to transfer each asset in the rollover based on the information provided

B) The ACB of the shares received by Calamari following the rollover

C) The PUC of the shares received by Calamari following the rollover