Janice and Thom form the Conestoga Corporation with the following consideration :

Consideration Transferred Basis to Fair Market Number of Transferor Value Shares Issued From Janice- Cash $125,000 $125,000 Machinery 210,000 400,000 525 From Thom- Cash 200,000 200,000 Building 390,000 280,000 Land 110,000 90,000 570