Ocelot Corporation Is Merging into Tiger Corporation Under State Law

Ocelot Corporation is merging into Tiger Corporation under state law requirements.Ocelot transfers $300,000 of assets to Tiger in exchange for 30,000 shares and $200,000 in cash.Ocelot transfers the Tiger stock,$200,000 cash,and all of its liabilities ($50,000) to its shareholder,Van,in exchange for all of his Ocelot stock (basis $100,000) .Ocelot then liquidates.How will this transaction be treated for tax purposes?

A) Since this qualifies as a "Type A" reorganization,Van recognizes no gain.
B) Since this qualifies as a "Type C" reorganization,Van recognizes a $200,000 gain.
C) Since this qualifies as a "Type A" reorganization,Van recognizes a $150,000 gain.
D) Since this does not qualify as a reorganization,Van recognizes a $350,000 gain.
E) None of the above.