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Beastley Corp. founded by Martin and Allen Beastley brothers with registered capital $280,000. All the capital is formed and issued with $1000 par value common

Beastley Corp. founded by Martin and Allen Beastley brothers with registered capital $280,000. All the capital is formed and issued with $1000 par value common stocks. Allen gives his villa in exchange for one hundred stocks. Which of the following is true? *

The villa is valued at $140,000

Allen has 40 percent of Beastley Corp.

Allen has 50 percent of Beastley Corp.

The villa is valued at $100,000

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