Does Sec. 351 require shareholders to receive stock equal in value to the property transferred? Suppose Fred

Question:

Does Sec. 351 require shareholders to receive stock equal in value to the property transferred? Suppose Fred and Susan each transfer property worth $50,000 to Spade Corporation. In exchange, Fred receives 25 shares of Spade stock and Susan receives 75 shares. Are the Sec. 351 requirements met? Explain the tax consequences of the exchange.