Amil and Rebecca form Hyde Corporation with the following consideration:

Consideration Transferred From Amil Cash Installment note From Rebecca Cash Building Land Basis to Transferor S25,ooo 80,000 60,000 300,000 31,000 Fair Market Value S25,ooo 215,000 60,000 400,000 40,000 Number of Shares Issued 2,400 5,000