please explain in details

Celeste transferred 100 percent of her stock in Supply Chain Company to Marketing Corporation in a Type A merget in exchange, she received stock in Marketing with a fair market value of $740.000 plus $740,000 in cast. Celestes tax basits in the $ Spply Chain stock was $1,570,000. What amount of loss does Celeste recognize in the exchange and what is her basis in the Marketing stock she feceives? Mitple Cheice 390.000 ioss recognired and a bass in Marketing stexik or $1.570000 No loss fecoginized and a tahes in Marketing sock of $1.370,000 390000 lons recognised and a bass in Marketing stock of 5830.000 No loss fecog wrec and a basis in Marketing stock of 3830.000