Alan and Barbara intend to operate a business together as a C corporation. Alan contributes certain property having a tax basis to him of $40,000, with a fair market value of $100,000, for 50 shares in their company, ABC Corporation. Barbara provides services worth $100,000 for the other 50 shares. Is this a good section 351 transaction? What are the tax consequences to Alan and Barbara? Assume the same facts as above except that Barbara received 30 shares for property contributed and 20 shares for services she provided. These 50 shares have a fair market value of $100,000. What are the tax consequences to Alan and Barbara in these circumstances?