Corinne contributes her land, (basis of $78,000, fair market value of $190,000). for 24,000 shares of Legal Aces, Inc. stock, worth $123.000. The corporation also assumed Corinne's $67,000 of business debts. Corinne's sister, Stunning Sandy, owns the other 6,000 shares, worth 560,000. Stunning Sandy contributed services to the corporation (basis of $0, & FMV of $54,000), along with $6,000 cash Calculate the realized and recognized gains for each shareholder