Five individuals, A, B, C, D, and E, formed X Co. After making the following transfers to X Co., they own 100% of X Co: A $40,000 cash and $15,000 worth of services BASIS B Property: FMV $50,000 MORTGAGE $30,000 $50,000 BASIS C Property: FMV $80,000 MORTGAGE $30,000 $20,000 BASIS D Property: FMV $26,000 $56,000 FMV $73,000 MORTGAGE $3,000 BASIS : (Depreciation recapture $30,000 potential of $7,000) E Property (capital asset) In return, they receive the following from X Co: A $55,000 Stock B $15,000 Stock + $5,000 Cash C$42,000 Stock + $8,000 Cash D $22,000 Stock + $4,000 Cash E $52,000 Stock + $18,000 Cash Question 10 2 pts D's basis in the X Co. stock is $52.000 O $22.000 O None of these. $56,000 $ Question 11 2 pts X Co.'s basis in the property received from Dis $56,000 O $47.000 $26.000 O None of these Question 12 2 pts E's recognized gain or loss is $11,000 capital gain: $7,000 ordinary income None of these $11,000 ordinary income; $7,000 capital gain : $18,000 capital gain Question 13 2 pts E's basis in the X Co. stock is O $27,000 O None of these. O $73,000 $30.000 Question 14 2 pts X Co.'s basis in the property received from Eis None of these. O $73,000 $30,000 O $48.000 Question 15 2 pts X Co.'s recognized gain or loss on the distribution to E is O None of these. O $52,000 gain loss