Bronco Corporation acquires 100% of Wolfpack Corporation's stock from Wolfpack's shareholders for $450,000 cash. Wolfpack Corporation has assets with a $600,000 adjusted basis and an $800,000 FMV. The assets are subject to $200,000 in liabilities. Wolfpack Corporation shareholders purchased their stock eight years ago for $300,000. Bronco Corporation's basis in the Wolfpack Corporation stock is $800,000 $450,000 $500,000 $300,000