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Part $1$

Mark and Monica own $320$ and $300$shares$,$ respectively, of Numero Corporation$$ stock, which represent all the shares outstanding. The current market value per share is $ $27.$ Numero needs capital to expand its$$ operations, and Monica is willing to contribute to Numero silver bullion against which the corporation can borrow operating funds. Monica purchased the bullion $12$ years$$ ago, when its cost was a fraction of its current market value.

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Part $1$

How many additional shares must Monica receive in exchange for the bullion to avoid recognizing a gain?

What value of silver bullion should she contribute to Numero in exchange for additional shares?

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Requirement

If Monica wants to avoid recognizing a gain upon transferring the bullion to the$$ corporation, how many additional shares must she receive in exchange for the$$ bullion, and what value of silver bullion should she contribute to Numero in exchange for additional$$ shares? Hint: Monica needs to achieve$80\%$ control of the corporation.

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