claire and lucy decide to organize their business pinkco as a c corporation. Claire distribures inventory (fmv $28,000, basis, $21,000), equipment (FMV $51,000, basis 0) and cash ($41,000) Pinkco. Will also assume 20,000 of claires general business payables as part of the transaction. Lucy contributes land (FMV $50,000 bsis 60,000 and services worth $50,000. Each woman receives 1,000 shares in the exchange i.e. there will be 2000 total shares outstanding. How much total taxable income will each woman have on this exchange