Time left 1:04:20 Question 12 Not yet answered Marked out of 100 Flag question Wilma and Bettye form a new corporation, Bam-Bam Inc. They transfer appreciated property to the corporation with each receiving 50% ownership. Right after formation Wilma gave Mr. Slade half of her stock to pay a preexisting debt. She made this written promise months before incorporation. What is the best answer for whether this is a 351 or not. Ca. No it is not a 351 since Wilma had committed to Mr. Slade before the transaction and Mr. Slade transferred nothing in the corporation Ob no this is not a 351 since the right types of property were not transferred O'c. yes it is a 361 since they are all family Od no this is not a 361 as there were no services transferred O e. Yes it is a 351 since it was just a gratuitous promise