Bob, Sam, and Tom formed IU Inc. in 2022. Bob contributed equipment (Code Sec. 1231 property) he acquired in 2019 for $190,000. On the date of transfer, the equipment's adjusted basis and fair market value were $100,000 and $150,000, respectively. Bob received 150 shares of IU Inc. Sam transferred land (capital asset) which he acquired in 2016. The land's adjusted basis and fair market value on the date of transfer were $50,000 and $250,000, respectively. Sam received 250 shares of IU Inc. Tom contributed inventory with an adjusted basis of $35,000 and a fair market value of $50,000 in return for 50 shares of IU Inc. What are the tax consequences to Bob? What are the tax consequences to Sam? What are the tax consequences to Tom?