Madison acquired shares in Johnson Tool and Die Corporation for $50,000; he sold the shares for $260,000. What would be his taxable capital gain? (3 Marks) If Johnson Tool and Die Corporation was a qualified small business corporation, how much can he claim against lifetime capital gains exemption? (2 Marks) What conditions must a Qualified Small Business Corporation meet in order to be classified as such? (3 Marks) How would your answer in (b) above change if instead of a qualified small business, Johnson Tool and Die was a qualified farm