Tholds wt o busines assets, X(with abasis of 30 and avalue of 10) and Y(with abasis of 70 and avalue of 5). Talso has outstanding debt of $10 (held by C). Tsi wholy owned by A, whose basis for his Tstock si 50 (with avalue of $95). Acquiring corporation Pwil acquire Ts' assetsni what si assumed ot be aqualified section 368 recognition. If Ttransfers only the Xbusiness to Pfor $100 of Pvoting stock (P does not assume Ts' debt to C) ni a Type Creorganization. Tthen sels $10 of Pstock and pays of Cwith the proceeds. Tthen liquidates, distributing the $90 of Pstock and the Ybusiness (worth $5) ot A. Describe the consequences of this reorganization transaction ot T, Ts' shareholder A