ce=t+1010, 5510oor 100% 2 -20.000 2. (20 Points) 5,800 TL = $5,000 *65%. = 35,750 55000-5500 -44.500 In an integrated transaction pursuant to an agreement with the following four persons: Dick exchanges equipment (FMV $1,000, basis $500) to the Peasley Corporation for 30% stock worth $800 plus $200 cash; Peter exchanges land (FMV $1,400, basis $500, with a mortgage liability of $600) to Peasley Corporation for 30% stock worth $800. Melinda exchanges a building (FMV $1,000, basis $300, with a mortgage liability of $200) for 30% stock worth $800. Connie performs legal services for Peasley Corporation and receives 10% stock worth $266. Analyze the tax consequences of these transfers, including taxability and basis issues for each of the following: 1) Peasley Corporation 2) Dick 3) Peter 4) Melinda 5) Connie