Calamari Inc Required:
Determine the Following Amounts:
A) the Minimum Amount That

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