13. Kirby and Helen form Red Corporation. Kirby transfers property, basis of $20,000 and value of S300,000, for 100 shares in Red Corporation. Helen transfers property, basis of $40,000 and value of $280,000, and provides legal services in organizing the corporation. The value of her services is $20,000. In return Helen receives 100 shares in Red Corporation. With respect to the transfers, analyze the tax effect, if any, for a. Kirby b. Helen c. Red Corp (for Red Corp also state the basis of the property received)