Crow Corporation was created six years ago through contributions from Lina ($400,000) and Henry ($100,000). In a transaction qualifying as a reorganization, Crow exchanges all of its assets currently valued at $1,000,000 (basis of $700,000) for Star Corporation stock valued at $800,000 plus $200,000 in Star bonds. Crow distributes the Star stock and bonds proportionately to Henry and Lina in exchange for their stock in Crow. Crow's current and accumulated E & P before the reorganization amounts to $200,000.

If an amount is zero, enter "0".

a. Complete the computations below for Lina and Henry regarding this transaction.

Lina:

Realized Gain/Loss			Recognized Gain/Loss			Postponed Gain/Loss			Basis In Stock
	$800,000			$			$			$
	$			Bond			$			$
	$			$			$			$