ONE THE POUR Asset transferred ACH & capital cost Land $8,000 Computer software $120,000 Marketable Custoner list securities 10,000 $13,000 THU 11,000 100,000 $8,000 19,000 0 5,000 N/A Sale price 11,000 100,000 8,000 19,000 Payment received-Cash 7,000 0 3,500 Shares (FHV) 4,000 100,000 4,500 15,000 4,000 Required: For each of the four situations, determine the following: a) The minimum elected amount under Section 85 of the Income Tax Act. b) The income or loss for tax purposes to be recognized by Mario. c) The corporation's ACB, capital cost and UCC for the assets purchased. d) The ACB of the shares of the corporation received by Mario. e) The PUC of the shares of the corporation received by Mario. Complete the chart below. Enter positive numbers only and round each entry to the nearest dollar (e.g. 0.5 would be rounded to 1). If an amount should be zero (or if the amount is not applicable based on the transferred asset) enter "0" Minimum elected amount Taxable income created on transfer adjusted cost base (ACB) of the transferred asset to the corporation Capital cost of the transferred asset to the corporation ACB of the shares received on the transfer Undepreciated capital cost (UCC) of the transferred asset to the corporation Paid up capital (PUC) of the shares received on the transfer ONE TWO THREE 11,000 100,000 3,000 8,000 120,000 0 FOUR 01