Cherry Lane Farms (CLF) was incorporated in 2010 by Gina who invested $1,000 into all the common shares of CLF. Cost As of December 31, 2020, CLF has the following balance sheet amounts: Assets FMV Cash 4,500 4,500 Marketable Securities 300,000 700,000 Accounts Receivable 800,000 780,000 Inventory 920,000 920,000 Prepaid Expenses 1,000 1,000 Investment in Tree Ripened Peaches Inc. 1,000 100,000 Fixed assets 140,000 150,000 Goodwill (class 14.1 200,000 2,166,500 2,855,500 Liabilities and Shareholders' Equity Accounts payable and accrued liabilities Loans payable Future income taxes Share capital Retained earnings 600,000 400,000 100,000 1,000 1,065,500 2,166,500 The investment in Tree Ripened Peaches Inc (TRP), a CCPC, was made two years ago. It is 25% owned by CLF and uses 40% of its assets in a Canadian active business. The relative values of CLF have been stable over the last three years. The marketable securities comprise CLF's investment portfolio which is not held as part of the corporation's business activities. Gina was recently offered $1,750,000 for her shares in CLF. Gina would like to know the following: 1. If she sold her shares of CLF, would her shares qualify as QSBC shares so that she can claim the capital gains exemption? For each requirement, make sure you use case facts or provide analysis to support your conclusions. (8 marks) 2. If they do not qualify as QSBC shares, she wants to know what steps and the minimum amount she would need to consider to have them qualify. Provide two suggestions that will minimize the tax impact to her and CLF. Do not calculate any taxes. (4 marks)