For seven years, Bel Corporation has been owned entirely by Stan and Mei, who are husband and wife. Stan and Mei have a $167,000 basis in their jointly owned Bel stock. The stock Bel is Sec. 1244 stock. They receive the following assets in liquidation of their corporation: accounts receivable, $14,000 FMV; a car $9,000 FMV; office furniture, $7,000 FMV; and $25,000 cash.