A transfers $$50,000$ cash in exchange for $50$ shares of NewCo stock.

B transfers investment land with a basis of $$10,000$ and a FMV of

$$50,000$ in exchange for $40$ shares of NewCo stock and $$10,000$

cash.

What is A$\text{'}$s realized and recognized gain?

What is B$\text{'}$s realized and recognized gain?

And B$\text{'}$s basis in his NewCo Stock?