Time left 1 28:42 Question 18 Not yet answered Marked out of 100 Tyrone and Andrew formed Blue Corporation three years ago. Both Tyrone and Andrew transferred appreciated property to Blue in exchange for 50 shares each in the corporation. The original transfers qualified under $359, and neither Tyrone and Andrew was tased on the exchange. In the current year, Tyrone transfers property (worth $90,000, adjusted basis of $5,000) for 50 additional Ble shares, Is this a $351 transfer? Flag question O a. No and he has a $5,000 gain on the transfer Ob. Yes, it he can get Andrew just to transfer a $1 in, it will quality Oc. No and the original transactions no longer are qualified as Tyrone only owns 66.67% of the stock Od Yes Tyrone and Andrew own 100% before and after the transaction so we fine Oe. No and he has a $85,000 gain on the transfer