Glenda, a Canadian resident is considering the purchase of a family-run catering business, called Palace Catering Ltd. (PCL). PCL was incorporated by Samuel Molton in Canada in 2006. The corporation specializes in the planning, preparation, and hosting of professional dinners, parties, and activities. The corporation had a proven record of profits until two years ago, when the death of the chef, along with the retirement of two employees resulted in a loss of business. Although Glenda is qualified to operate and manage the business, there is a high probability that profits from operating this business will not begin for a couple of years. She is wondering if she should purchase the net assets from the corporation or 100% of the shares presently held by the vendor family. The accumulated non-capital loss carryforward balance for PCL is $84,000 according to the most recent corporate tax return and relates to losses from the past 3 years. Glendas plan is to continue the catering business. She is also considering a new bakery business that will produce baked goods for sale to hotels and restaurants. Over the next two years, she is projecting profits on the sale of cakes of $14,000 and $21,000 respectively. Thereafter, she estimates profit from the cakes of approximately $25,000 annually. Glenda plans to borrow from her bank to purchase the business. The bank has approved a small business loan with a 6% interest rate. If the business realizes early operating losses, she will use the proceeds from a bond investment that she holds to finance the business until the business becomes profitable. From January 1 to August 31 of the current year, Glenda earned $13,000 as senior hostess at a high-end golf and country club on the outskirts of Saskatoon, and $12,000 in interest income on her investments. Glenda plans to continue to work at the golf club after purchasing the business until she is certain it will be successful .Glenda would like your advice on the factors to consider when deciding on a purchase of the shares of PCL or a personal purchase of the assets of the catering business. For the next meeting you agree that you will: (A) Assess the Situation (B) Identify the issues (C) Analyze the issues (D) Advise/recommend