Subsidiary is a wholly owned by Parent. Parent wants to acquire Target. Under an acquisition agreement between Target and Subsidiary, Target must directly convey half its assets to Subsidiary and half to Sub1 (a new, wholly owned subsidiary of Subsidiary). Subsidiary and Sub1 will each assume Targets $200,000 liabilities which will remain secured by all the assets. Target will receive P voting stock in the exchange. Will this qualify as a Type C triangular reorganization? Why or why not?