On February $1,2023,$ AL Corporation acquired $100\%$ of the shares of TL Ltd$.$ Both corporations provide online music lessons. Prior to the acquisition, TL has the following assets:

Cost UCC FMV

Marketable Securities $ $100,000$ $ $-$ $ $60,000$

Inventory $ $100,000$ $ $-$ $ $85,000$

Land $ $125,000$ $ $-$ $ $450,000$

Building $($class $4)$ $ $140,000$ $ $95,000$ $ $300,000$

Instruments $($class $8)$ $ $70,000$ $ $52,000$ $ $45,000$

TL had non$-$capital losses of $$10,000$ and net capital losses of $$18,000$ on December $31,2022.$ TL also incurred additional losses from regular business operation of $$20,000$ during January $2023.$

REQUIRED:

A$.$ What are the available non$-$capital and net capital loss balances of TL Ltd$.$ on January $31,2023.$

B$.$ If TL Ltd$.$ makes the elections$($s$)$ necessary to utilize the losses that would expire on the acquisition of control, indicate the asset$($s$)$ on which the election should be made and the amount that should be elected. this is a taxation question.