Black Corporation ($900,000 assets, $0 liabilities) and White Corporation ($700,000 assets, $0 liabilities) create BW Corporation. Black transfers $600,000 in assets for all of BW's common stock. Black distributes its remaining cash assets and the BW common stock to its shareholder, Sam, for all her stock in Black (basis $950,000) and then liquidates. White transfers $400,000 in assets for all of BW's common stock. White distributes its remaining cash assets and the BW preferred stock to its shareholder, Taylor, for all his stock in White (basis $200,000) and then liquidates. How much is Sam's basis in the BW corporate stock received? O $0 o $550,000 O $600,000 O $650,000 o $950,000