Anything would be appreciated.

1. Bonnie, Olivia, Warren and Andy form Lobster Corporation with the following investments: Basis to Shares Transferor FMV Issued From Bonnie Personal services rendered to Lobster Corporation $-0- $30,000 30 From Olivia- Equipment $345,000 $300,000 270 From Warren Cash Unrealized accounts receivable $60,000 -0- $60,000 90,000 150 From Andy- Land and building $210,000 $450,000 Mortgage on land and building 300,000 300,000 150 The mortgage transferred by Andy is assumed by Lobster Corporation. The value of each share of Lobster Corporation stock is $1,000. Olivia receives $30,000 cash in addition to the 270 shares. Required: What are the tax consequences (i.e. realized gain/loss; recognized gain/loss; basis) to each of the transferors and Lobster Corporation as a result of the formation