Ms. Kоh sells а nоn-depreciаble cаpital prоperty with an FMV of $102,000 and an ACB of $44,700 to Koh Inc. In consideration, she receives P-note of $44,700 and shares with an FMV of $57,300 for a total of $102,000. The ITA 85(1) elected amount is $44,700. Which of these statements is correct?