Brown transfers Blackacre to XYZ Corp., a newly formed corporation, in exchange for 140 shares of its common stock having a FMV of $70,000. Blackacre had a basis in Brown's hands of $10,000. At the same time the remaining 60 shares of the stock of XYZ is issued to Green in exchange for $500 of cash and her promise to manage Blackacre. (a) What are the tax consequences to the Brown, Green and XYZ Corp.? (b) Would your answer change if Green contributed $4,000 of cash in addition to her promise to manage Blackacre?