content area top Part 1 Mattituck Inc. is a CCPC with a nil GRIP balance at the end of its 2023 taxation year. It has 314 comma 000 common shares outstanding. All of the shares were issued at a price of $ 14 per share for total proceeds of $ 4 comma 396 comma 000. This is the PUC of the shares. In 2023, the company agrees to redeem the shares of one of its major shareholders. This shareholder holds 13 comma 000 shares, which were purchased for $ 12 per share. The agreed upon redemption price is $ 16 per share. Required Determine the income tax consequences of the share redemption to the major shareholder