abby and scout incorporated golden inc. by transferring assets in exchange for stock

abby transfers property A with AB of 50,000 and a fmv of 70,000 in exchange for 70% of stock.

scour transfers Property B with a fmv of 10000 ans AB of 1000 in exchange for 30% stock

1 what is the gain or loss tecognized in abby

2. abby adjusted basis

3. scout gain or loss recognized

4. amount of ordinary income scout recognized

5. scout AB

6. gain or loss does the corporation recognizef

scout Adjusted basis