Perry Corporation purchased 10 percent of Target Corporation's stock for \(\$ 35,000\) in 2015. On March 1, 2018, Perry purchased an additional 80 percent of Target's stock for \(\$ 200,000\). At that time, Target's identifiable assets had a fair market value of \(\$ 300,000\) and an adjusted basis of \(\$ 240,000\). Target also had liabilities of \(\$ 60,000\).

a. What is the acquisition date for purposes of making a Code Sec. 338 election? By what date must Perry file a Code Sec. 338 election?

b. Assuming that a Code Sec. 338 election is made, what is the deemed sale price of Target's assets?

c. What is the amount of the adjusted grossed-up basis that is allocated to Target's assets, assuming that a tax liability of \(\$ 15,000\) resulted from the deemed sale of assets?

d. What amount of goodwill results from the allocation of basis to Target's assets?