READ THE INSTRUCTIONS VERY CAREFULLY. Using ITA 85, Irene transfers non-depreciable capital property to a corporation at an elected value of $100,000. The property has an adjusted cost base of $100,000 and a fair market value of $180,000. As consideration, she receives a note (Boot) for $70,000, preferred shares with a fair market value and legal stated capital of $30,000 and common shares with a fair market value and legal stated capital of $80,000. Required: Determine the following amounts: adjusted cost base (ACB) of the preferred and common shares, the total PUC reduction amount, and paid-up capital (PUC) of the preferred and common shares. Note: Round your answers to the nearest dollar amount. If your answer is Nil, write a number zero "0" or none. Do not include any $, " ", commas, brackets or negative signs. 1. Total ACB of Preferred shares... 2. Total ACB of all Common shares... 3. Total PUC reduction amount... 4. Total PUC for Preferred shares... 5. Total PUC for Common shares...