3. In each of the following scenarios, determine in regards to the exchange with X: a) As amount realized b) As gain or loss realized c) As gain or loss recognized and the character thereof d) As basis in the X stock received e) As holding period for the X stock received (tacked or not?) f) Xs basis in the property received g) Xs holding period for the property received (tacked or not?) h) The amount and character of Xs gain if X immediately sells the property for $100 And the following in regards to the subsequent sale from A to B: i) As gain or loss realized j) As gain or loss recognized and the character thereof k) As basis in the remaining shares l) Bs basis in the purchased shares from A Assumptions: Except as otherwise stated, A starts out with non-depreciable real property (a capital asset) worth $100 (adjusted basis $40) and ends up with cash of $50 plus a 50% interest (worth $50) in X, a newly organized corporation that owns the property. (a) A transfers the property to X in exchange for all of Xs stock. Shortly thereafter, A sells half of his X stock to B for $50. The stock sale is a separate event from the prior incorporation transaction. (b) Same as (a), except the stock sale is an integral part of the incorporation plan.