Eva and Juliet form a corporation Eva contributes land ( a capital asset) with a fair market value of $75,000 and a tax basis of $30,000 and receives 75 shares of EJ Inc. Juliet performs services worth $25,000 and receives 25 shares of EJ Inc. What gain or income will Eva and Juliet recognize as a result of this transaction Eva O A. Neither Eva nor Juliet recognize any gain or income O B. Eva recognizes a $40,000 capital gain and Juliet recognizes $25,000 ordinary income OC. Eva recognizes a $ 40,000 capital gain and Juliet recognizes no income. OD. Eva recognizes no gain and Juliet recognizes $25,000 of ordinary income