Beta Corporation owns assets valued at $$1,500,000$ with liabilities of $$700,000,$ and Alpha holds assets valued at $$350,000$ with liabilities of $$150,000.$ Beta transfers $200,000$ shares of stock and $$50,000$ cash, and it accepts $$100,000$ of Alpha's liabilities, in exchange for all of the Alpha assets. Alpha distributes the Beta stock to its shareholders for their Alpha stock and then ceases to exist.