Whralamm 1n amcrgrondcrstatc langhnchnr Dal-pota tion acquit-cs all n: asacts of Towns Corporaon. Towcr's asscts haw: a '55 million FMV and a $1.2. million adiustcd basis. Assuming Town- liquidatcs, which of tin: followitg transactions qualify as a T A rcorganiIalioni" I. Th: asscts an: cxcha for $5 million of Anchor common stock. I}. The asscts arc onchangtd for $5 million of Anchor nonvoting prcfcrrod stock. c. Tho asscts an: crchangcd For $5 million of Anchor auanitics. 11. Th: asscts an: cinchard for $3.5 million of Anchor nonvoting prcfcrrcd stock and $1.5 million in cash. o. Th: asscts an: cxchangnci for $3 million of Anchor oomronn stock and Anchor's anumption of $2. million ofToer liabilitics. [. Th: asscts arc cIchangod for $5 million in cash prodccl by Anchor. An i"all cash" Incl-got transaction is pcrmittod ondcr state law