Mr. Alexander owns all of the common shares of Baker’s Dozen Food Products Inc. The ACB and PUC of his shares are $15,000 and $25,001 respectively. The total value of the shares is now $325,000. Since Mr. Alexander has fully utilized his $750,000 capital gains exemption on other shares, he wants to partially freeze the value of his investment in the corporation using a capital reorganization under section 86. The corporation will exchange the common shares for the following package of consideration:

Cash                                                                $ 9,900

Preferred shares (at FMV)                             315,000

New Common shares (at FMV)                    100

Total                                                              $325,000

REQUIRED

Based on the above package of consideration, what is the adjusted cost base, and paid-up capital of the new common shares and preferred shares that Mr. Alexander will receive under section 86?