Olivia Warren sells/transfers a depreciable property with a FMV of $200,000, a capital cost of $150,000, and an undepreciated capital cost (UCC) of $70,000 to Warren Ltd. In consideration, she receives cash of $120,000 and shares with a fair market value (FMV) of $80,000, for a total consideration value of $200,000. Using the ITA 85(1) rollover for the transfer, she elects an amount of $180,000. Which of the following statements is correct