Herald and Karen own 340 and 180 shares, respectively, of Poly Corporation stock, which represent all the shares outstanding. The current market value per share is $ 23. Poly needs capital to expand its operations, and Karen is willing to contribute to Poly silver bullion against which the corporation can borrow operating funds. Karen purchased the bullion 12 years ago, when its cost was a fraction of its current market value. Read the requirement.LOADING... Question content area bottom Part 1 How many additional shares must Karen receive in exchange for the bullion to avoid recognizing a gain? What value of silver bullion should she contribute to Poly in exchange for additional shares? Help me solve thisCalculatorAsk my instructor pop-up content starts Requirement If Karen wants to avoid recognizing a gain upon transferring the bullion to the corporation, how many additional shares must she receive in exchange for the bullion, and what value of silver bullion should she contribute to Poly in exchange for additional shares? Hint: Karen needs to achieve 80% control of the corporation. pop-up content ends