Publishing Company, Inc. ("P") is a publicly traded C corporation engaged in the publication of professional textbooks. P has 5 million shares of voting common stock outstanding. The stock is currently trading at $10 per share. P wishes to acquire control of Target Press, Inc. ("T"), a closely held corporation that is the leading publisher of student study aids for law students. T has 4,000 shares of common stock (its only class) outstanding held by 10 shareholders each of whom owns 400 shares. T's assets and liabilities are as follows: Asset Cash Inventory Equipment Goodwill Adj. Basis $ 600,000 200,000 800,000 0 $1,600,000 Fair Mkt. Value $ 600,000 1,000,000 1,400,000 2,000,000 $5,000,000 The S