[Solved] Calamari Inc.has transferred the following three assets to Squid Co., a Canadian controlled private corporation, under section 85 of the Income Tax Act. \(\begin{array}{|l|c|c|c|} \hline&\text { Building } & \text { Land } & \text { Goodwill }\\ \hline \text { Adjusted cost base (ACB) } & \$ 230,000 & \$ 70,000 & \text { NI } \\ \hline \text { Fair market value } & \$ 220,000 & \$ 150,000 & \$ 50,000 \\ \hline \begin{array}{l} \text { Undepreciated capital cost } \\ \text { (UCC) } \end{array} & \$ 120,000 & \text { N/A } & \text { NIL } \\ \hline \text { Sale price } & \$ 220,000 & \$ 150,000 & \$ 50,000 \\ \hline \text { Cash received } & \$ 100,000 & \$ 100,000 & \text { NIL } \\ \hline \text { Shares received } & \$ 120,000 & \$ 50,000 & \$ 50,000 \\ \hline \end{array}\) Required: Determine the following amounts: A) The minimum amount that Calamari may elect to transfer each asset in the rollover based on the information provided B) Calamari's income or loss for tax purposes as a result of the rollover C) The ACB of the shares received by Calamari following the rollover D) The PUC of the shares received by Calamari following the rollover Sincere Trust: A genuine and heartfelt confidence in the reliability, truth, ability, or strength of someone or something. Appropriate Information: Data or knowledge that is suitable and relevant to the context or situation at hand, aiding in decision-making or problem-solving. Self-disclosure: The act of revealing personal information, thoughts, or feelings to others, fostering intimacy or trust in relationships. Johari Window: A model that is used to help people better understand their relationship with self and others through the concepts of known, unknown, hidden, and blind self.