Parent Corporation ("P") creates Subsidiary Corporation ("S") by transferring P stock as a preliminary step to acquiring the assets of Target Corporation ("T") in a separate subsidiary. T's shareholders own stock worth $200,000 with a basis of $50,000. T has assets worth $200,000 with a basis of $100,000. a. Assuming a valid 368(a)(2)(D) forward triangular merger, what are the tax consequences to P, S, T, and T's shareholders?