XYZ Corporation is 100% owned by Merrick. The company undergoes a corporate reorganization under ITA 86. Merrick holds 4 comma 970 common shares and has an adjusted cost base in the shares of $ 50 comma 200. He exchanges the common shares for 9 comma 970 new preferred shares as well as a vehicle owned by the company. The vehicle has an adjusted cost base to the company of $ 9 comma 970 and fair value of $ 7 comma 970. What is Merrick's adjusted cost base in the new preferred shares? Question content area bottom Part 1 A.$ 42 comma 230 $ 42 comma 230 B.$ 50 comma 200 $ 50 comma 200 C.$ 40 comma 230 $ 40 comma 230 D.$ 100 comma 400 $ 100 comma 400forrest inc carries on business in ontario. The HST rate in Ontario is 13%. When the Quick Method is used in the province, the remittance rate is 4.4% for a retail business and 8.8% for a service provider