Dylan operates a sole proprietorship with the following business assets: Cash Accounts receivable Inventories Equipment Goodwill Tax Amount $ 10.000 $ 18,000 $ 35,000 $ 22,000 Nil Fair Market Value $ 10,000 16,000 40,000 36,000 180,000 The capital cost of the equipment is $50,000. Dylan would like to incorporate his business. He will be the only shareholder of the newly formed company and will only receive share considerations on the transfer. Required a. Compute the impact on taxable income to Dylan's personal tax return if all the above assets are transferred to the new company, without making any elections under the ITA.