Abby owns a factory that she bought on January 1, 2020. Her adjusted basis in the factory is $125, and the fair market value of the factory is $200. On January 1, 2022, Abby and Bera form a corporation, AB Corp. Abby transfers to AB Corp her factory, and Bera transfers cash of $100. In exchange, Abby receives cash of $100 and 10 of the common voting stock issued by AB Corp; Bera receives 10 of the common voting stock issued by AB Corp. The total stock issued and outstanding of AB Corp is the 20 shares common voting stock issued to Abby and Bera.

1. What is the amount of gain taxable to Bera?
2. What is the basis of the 10 shares of stock in the hands of Bera?
3. What is the amount of gain taxable to Abby?
4. What is the basis of the 10 shares of stock in the hands of Abby?
5. When does the holding period of the stock in the hands of Abby start?
6. What is the amount of gain taxable to AB Corp?
7. What is the basis of the factory in the hands of AB Corp?
8. When does the holding period of the factory in the hands of AB Corp start?