6. Blue Corporation transfers all of its assets, basis of $500,000 and fair market value of $80,000 to Green Corporation. Blue receives voting stock in Green valued at $550,000 and Green assumes Blue'sliabilities of $150,000. Blue distributes Green's voting stock to its shareholders and iquidat es. Which, i any, of the following statements regarding the transaction is correct? Blue has a realized gain of $300,000 and a recognized gain of $150,000. a. Blue has a realized gain of $150,000 and a recognized gain of $150,000. , Blue has a realized gain of $150,000 and a recognized gain of $0. Blue has a realized gain of $300,000 and a recognized gain of $0. b. e. None of the above