Question $3(1$ point$)$

Acme Corporation acquires Fisher Corporation's assets in a Type A reorganization for $$800,000$ of Acme's nonvoting preferred stock and $$200,000($face amount and FMV$)$ of securities$.$ The assets have an adjusted basis of $$600,000$ and an FMV of $$1,500,000.$ In addition, Acme Corporation assumes $$500,000$ of Fisher's liabilities. At the time of the transfer, Acme's E&P is $$400,000.$ Fisher distributes the stock and securities to its sole shareholder Barbara for all of her Fisher stock. After the reorganization, Barbara owns $25\%$ of Acme's stock. Barbara has an adjusted basis of $$400,000$ in her Fisher stock. Barbara's basis for her Acme securities is

Question $3$ options:

$1)$

$0.$

$2)$

$$200,000.$

$3)$

$$350,000.$

$4)$

$$400,000.$