Racket corporation and laocoon corporation create raccoon corporation. racket transfers $600,000 in assets for all of raccoon's common stock. racket distributes its remaining assets ($300,000) and the raccoon common stock to its shareholder, mia, for all her stock in racket (basis $950,000) and then liquidates. laocoon receives all the raccoon preferred stock for its $400,000 of assets. laocoon distributes its remaining assets ($300,000) and the raccoon preferred stock to its shareholder, carlos, for all his stock in laocoon (basis $200,000) and then liquidates. how will this transaction be treated for tax purposes?