Company X has net capital loss carryovers of $40,000, non-capital loss carryovers of $50,000, and the fair market value of its depreciable property is $20,000 less than the undepreciated capital cost (UCC) of the property. All the shares of Company X were purchased by an unrelated Canadian corporation conducting a similar business. What losses would be carried forward in Company X after the purchase? Multiple Choice $50,000 non-capital loss and $40,000 net capital loss $70,000 non-capital loss and $40,000 nel capital loss. $50,000 non-capital loss and SO net capital loss. $70,000 non-capital loss and $o net cap tal loss