3. Gus and Juliette form Lassie Inc., a C-Corporation. Gus transfers land (FMV $150,000 and adjusted basis of $10,000) and agrees to provide management services to help operate the entity worth $90,000 for 50% of the stock in the corporation. Juliette transfers equipment (FMV $200,000 adjusted basis of $130,000 for 50% of the stock in the corporation and $40,000 cash. The value of the stock received is $240,000 for each Gus and Juliette. (8 points) a. Will the transfer qualify under 351 as a tax free transfer? Explain. b. What are the tax consequences to Gus and Juliette including the basis in the stock they received? c. What is Lassie Inc.'s basis in the land and equipment received? d. Would your answers change to questions a and b if Gus had only contributed the services?