luentify the 5% shareholders of Proctor. V. (You may use two pages to answer question (()). The PH Corporation has lost money from its theme park operations for several years and has significant NOL carryovers. Some of the pre-2018 NOLs will expire in the near future. In an attempt to "monetize" and shelter income with its losses, PH Corporation purchases all of the stock of Lifeplus Corporation. Lifeplus has consistently made money for the last 10 years as an operator of 50 high end gyms. In addition to the operational income of Lifeplus, Lifeplus has several locations where the value of the real estate has significantly increased. After acquiring all of the stock of Lifeplus, PH plans to utilize its NOLs to offset the income from the operations of Lifeplus. Additionally, it plans to sell and leaseback the locations where the value of the real estate has significantly increased and offset the gains from the sale-leaseback of real estate. You are consulted by PH regarding its strategy. What would you advise PH? luentify the 5% shareholders of Proctor. V. (You may use two pages to answer question (()). The PH Corporation has lost money from its theme park operations for several years and has significant NOL carryovers. Some of the pre-2018 NOLs will expire in the near future. In an attempt to "monetize" and shelter income with its losses, PH Corporation purchases all of the stock of Lifeplus Corporation. Lifeplus has consistently made money for the last 10 years as an operator of 50 high end gyms. In addition to the operational income of Lifeplus, Lifeplus has several locations where the value of the real estate has significantly increased. After acquiring all of the stock of Lifeplus, PH plans to utilize its NOLs to offset the income from the operations of Lifeplus. Additionally, it plans to sell and leaseback the locations where the value of the real estate has significantly increased and offset the gains from the sale-leaseback of real estate. You are consulted by PH regarding its strategy. What would you advise PH