A transfers property to corporation X in exchange for all of its stock (value $15,000) and $15,000 in boot. The property transferred by A consists of inventory (basis of $7,000 and fair value of $20,000) and land (basis of $13,000 and fair value of $10,000).  A recognizes a $ 15000 gain on the transaction. A assumes a basis of $ 15000 in the stock received and a basis of $ 15000 in the boot received. A realizes a $ 13000 gain on the inventory and a $ 3000 loss on the land. A must recognize a $ 0 gain on the inventory and a $ 0 loss on the land. If the boot changes what is recognized for the gain and loss of the inventory and land.