Ben Is Incorporating His Proprietorship and Transferring All of the Assets

Ben is incorporating his proprietorship and transferring all of the assets to the new company, which he will continue to operate. His long-term assets consist of:
The transfer will also include the company's inventory and accounts receivables. The inventory originally cost $25,000 and has a fair market value of $30,000. The accounts receivable have a fair market value of $10,000 and a tax value of $12,000.
Ben wishes to minimize the tax effect of this business decision. He will receive the maximum note receivable possible and the remainder of the transfer in preferred shares.
Required:
A) What is the elected value for each of the assets transferred under section 85?
B) What is the value of the note receivable that Ben will receive from those assets which benefit from section 85? (Show the amounts for each asset, and the total for all.)
C) What is the value of the preferred shares that Ben must receive in order to defer any income inclusions at this point in time?
D) Identify which assets would not benefit from section 85.
E) If Ben elects to transfer the accounts receivable using a section 22 election, what is the amount of Ben's business loss that must be included in the corporation's income?