$975,000.$

B has $20$ shares of $3$ Flags Amusement Park FAP$).$

A agrees to exchange the Ferris wheel for $80$ shares in FAP that have a $$2,000$ in cash and costumes with a FMV of $$1,000.$

After the exchange, A is diagnosed with an illness and decides to sell his sells the $80$ shares for $$972,000.$

In a Sec $351$ transaction:

property transferred must be in exchange solely for stock for gain or loss to b

the receipt of boot will disqualify the entire Sec. $351$ transaction

property transferred in exchange for debt securities qualifies under Sec. $351$

services can be exchanged for stock

the section only applies to individuals contributing assets to a corporation