37. a. c. OD 34. Auto Supplies Inc. has earnings and profits clas of $200,000 and a stock portfolio. It bonor transfers appreciated stock worth $150,000 fro with a basis of $80,000 to a newly created noir esir foll 2 Villas corporation, Peak Enterprises Inc., for 100 percent of Peak's stock. Auto Supplies distributes the Peak stock equally to its three b. Ishonastir shareholders who promptly liquidate Peak. To sulovs dile What are the tax consequences of the above super if the stock portfolio is seven years old? bare 3 35. Compute the realized and recognized gain or loss and the new basis in the following anbo transactions, all of which took place pursuant to a plan of recapitalization. A shareholder exchanged 100 shares of todd $5 par value preferred stock with a basis in bnaslon of $1,000 for 200 shares of $4 par value common stock worth $800.0082 b. A bond holder exchanged a bond with a basis of $800 and a par value of $1,000 and received 50 shares of common stock worth $1,050. A shareholder exchanged stock with a basis of $2,000 for bonds worth $5,500 par d. A bondholder exchanged a bond with a ST a. blom c. and a value of $4,000. a par basis of $900 and value of $1,000 for another bond with a value of $1,500 par value of $1,500. and a 38. addi Cantal see info what as is needed. * Can PE A you also add the applicable tax code