Brian Johns is contributing real estate to a whollyowned corporation during formation. At the time of formation the real estate is worth $ Brian\'s basis is $ and the real estate is subject to a $ mortgage. a What is Brian\'s recognized gain, if any? b Assume that in addition to the $ mortgage, Brian took out a second mortgage of $ on the property one day before contributing the property to the corporation. What is Brian recognized gain, if any?Zach Davis, Andy Coughenour, and Cara Pattinato are forming DCP Corporation. The following table illustrates their contributions and what they receive from DCP Corporation. a How much gainincome or loss, if any, does Zach recognize upon formation of DCPb How much gainincome or loss, if any, does Andy recognize upon formation of DCPc Suppose, instead, that Zach receives shares in exchange for $ of legal services. In that case, how much gainincome if any, does Cara recognize upon formation of DCP