Patrick owns 100% of the shares of ABC Co. Patrick's spouse owns 100% of the shares of XYZ Co. The shares of ABC Co. are valued at $50,000 with an ACB and PUC of $1000. The couple is planning for XYZ Co. to pay Patrick $50,000 in cash for the shares in ABC Co. Which of the following will result from this sale?

		Patrick will recognize a capital gain of $50,000
		Patrick will recognize a capital gain of $49,000
		Patrick will recognize a deemed dividend of $49,000 and a capital gain of $0
		Patrick will recognize a deemed dividend of $50,000 and a capital gain of $0