In which of the following unrelated exchanges is the Sec. $351$ con$-$trol requirement met? If the transaction does not meet the Sec. $351$ requirements, suggest

ways in which the transaction can be structured so as to meet these requirements.

a$.$ Fred exchanges property worth $$50,000$ and services worth $$50,000$ for $100$ shares of

New Corporation stock. Greta exchanges $$100,000$ cash for the remaining $100$ shares

of New stock.

b$.$ Maureen exchanges property worth $$2,000$ and services worth $$48,000$ for $100$ shares

of Gemini Corporation stock. Norman exchanges property worth $$50,000$ for the re$-$maining $100$ shares of Gemini stock.