Quntion 2-ismanis. at Minile Question 3-6 Marks, 14 Minutes On November 1, 2015, GTL Comporamon acquired 100 percent of the outstanding shares of Tanning ine. for 51.710,600. The tax volues of the net assote at that time totalled s1,103,000. The fair market valie of Tarning inc'i identifiable net assots was $1,710,500 including 5617,000 for the L and On December 31, 2022. Tanning ine, was wound up under the provisions of ITA 88(1) Oanning Inc, has paid $787,000 in dwidends since the acquisition by GTL Corporation. Tanming inc, has paid $787,000 in dwidends sinoe the acquisticn by GTL Corporation. Required: Determine the tax values that will be recorded for each of Tanning Inc.'s assets and the total increase in tax values of assets from the wind-up after they have been incorporate into the records of GTL Corporation. Quntion 2-ismanis. at Minile Question 3-6 Marks, 14 Minutes On November 1, 2015, GTL Comporamon acquired 100 percent of the outstanding shares of Tanning ine. for 51.710,600. The tax volues of the net assote at that time totalled s1,103,000. The fair market valie of Tarning inc'i identifiable net assots was $1,710,500 including 5617,000 for the L and On December 31, 2022. Tanning ine, was wound up under the provisions of ITA 88(1) Oanning Inc, has paid $787,000 in dwidends since the acquisition by GTL Corporation. Tanming inc, has paid $787,000 in dwidends sinoe the acquisticn by GTL Corporation. Required: Determine the tax values that will be recorded for each of Tanning Inc.'s assets and the total increase in tax values of assets from the wind-up after they have been incorporate into the records of GTL Corporation