Assume the following facts regarding Bilbo:

Owns $6,000$ shares in Corporation Z$.$

Owns a ski resort with FMV $$3,000,000.$

Has $$600,000$ basis in the ski resort.

Has a $$900,000$ mortgage on the ski resort that was taken out $27$ years ago for business purposes.

Assume the following facts regarding Corporation Z:

Has $6,000$ shares outstanding before the transaction.

Has $$600,000$ cash in the bank.

Assume the following are exchanged between Bilbo and Corporation Z:

Bilbo contributes her ski resort to Corporation Z$.$

Corporation Z issues $54,000$ shares to Bilbo

Corporation Z agrees to assume the $$900,000$ loan.

What is Bilbo$$s realized gain? $[$A$]$

What is Bilbo$$s recognized gain? $[$B$]$

What is Bilbo$$s basis in her new $54,000$ shares of stock? $[$C$]$

What is Corporation Z$$s realized gain? $[$D$]$

What is Corporation Z$$s recognized gain? $[$E$]$

What is Corporation Z$$s basis in the ski resort? $[$F$]$