Perry Corporation purchased 10 percent of Target Corporation's stock for $35,000 in 2020. On March 1, 2024, Perry purchased an additional 80 percent of Target's stock for $200,000. At that time, Target's identifiable assets had a fair market value of $300,000 and an adjusted basis of $240,000. Target also had liabilities of $60,000 and an accumulated earnings and profits balance of $147,000. a. What is the acquisition date for purposes of making a basis adjustment election under Internal Revenue Code 338