(You may use two pages in total to answer questions (d), (e), (f) and (g), below).

Please help

The Peters corporation would like to acquire the Selma corporation. Peters makes the following purchases of Selma:

Date % of T Amount Paid (in dolllars)

January 3, 2018 10% 200

May 12, 2018 30% 1000

December 7, 2018 20% 800

March 16, 2019 20% 700

April 15, 2019 10% 300

May 1, 2019 10% 400

100% 3400

Selma Corporation has the following assets and liabilities:

Asset Value Liabilities Basis

Cash 600 -- 600

Inventory 300 300

Patent 600 -- 0

Blackacre 700 100 (Mortgage) 200

Total 2200 100 1100

Selma has other non-tax liabilities of $400. Assume an income tax rate of 30%. Peters decides to make a 338 election for Selma. Compute:

(d) The Acquisition Date. (e) The Aggregate Deemed Sales Price (ADSP) (f) The Adjusted Grossed Up Basis ("AGUB"). (g) The allocation of the AGUB among T's assets.