2. Ally, Billy, and Charlie form ABC Inc., an accrual basis, calendar year taxpayer, with the following contributions ( 40pts ): ABC Inc. issues its 10,000 shares of stock as follows: Ally - 3,145 shares, Billy 4,654 shares, and Charlie - 2,201 shares. a. What, if any, gain, loss, or ordinary income do Ally, Billy, and Charlie recognize? b. What basis do Ally, Billy, and Charlie have in their ABC Inc. stock? c. What basis does ABC Inc. have in the Land, Equipment, and Shelving? d. How does ABC Inc. treat the stock issued for the legal services Charlie performed? 2. Ally, Billy, and Charlie form ABC Inc., an accrual basis, calendar year taxpayer, with the following contributions ( 40pts ): ABC Inc. issues its 10,000 shares of stock as follows: Ally - 3,145 shares, Billy 4,654 shares, and Charlie - 2,201 shares. a. What, if any, gain, loss, or ordinary income do Ally, Billy, and Charlie recognize? b. What basis do Ally, Billy, and Charlie have in their ABC Inc. stock? c. What basis does ABC Inc. have in the Land, Equipment, and Shelving? d. How does ABC Inc. treat the stock issued for the legal services Charlie performed