iana is considering an offer from a friend, Charles, a resident of England who runs a similar business in England. Charles has offered to invest in her business by acquiring 55% of the voting shares of MDI, through his English holding company. They expect the sale and purchase of the shares to occur on March 1, 2024. As part of the offer, Charles requires that Diana repay the non- interest-bearing loan she received from MDI on January 1, 2023 of $12,000 within a year after the acquisition. Diana had used this money for a down payment in DRI's operations. Diana has no issue with the requirement to repay and hopes to take advantage of a capital gains exemption on the sale of the shares, however, she is not sure if it is available to her. She has provided you with the recent balance sheet of MDI in Appendix A for the capital gains exemption analysis and the investment from Charles. (Note that the calculation of the gain is not required as they are still negotiating the purchase price) does this meet the three part test