Z Inc. is a Canadian-controlled private corporation carrying on business in Canada. The NET fair market value of the assets and liabilities of Z Inc. is estimated to be $100,000 (Accounts receivable $49,000; Furniture and equipment $50,000; Long term investments $8,000; Liabilities $7,000). The shares of Z Inc. have been owned by Mr. Z for the past three years during which time the relative values of the assets and liabilities have remained constant. Is Z Inc. a qualified small business corporation (QSBC)? Explain your answer.