please answer both the questions

Margaret Williams unincorporated business has inventories with a fair market value of $47,000 and a tax cost of $55,000. In addition, it has land with a fair market value of $275,000 and a tax cost of $83,000. She intends to transfer these assets to a new corporation, taking back $47,000 in cash for the inventories and $122,000 in cash for the land. Required: If she uses Section 85(1) for the transfer, what is the possible range of values that can be elected for the two properties? If, in each case, she elects the lowest possible value, what are the tax consequences for Ms. Williams? QUESTION FIVE Melissa Simon has worked for 15 years managing various retail stores. While off work during COVID-19 lockdowns, she decided to make some life changes. She decided she wants to work for herself. And just her luck, an opportunity has come along for her to buy an established retail clothing store. The current owner has specified that they would prefer the sale to be a share sale, if possible, Melissa has no idea what to do and has asked your advice. Is it in the best interest of Melissa to buy the corporations assets or its shares? Provide at least five reasons to backup your opinion