For the last three years, Carmel and Bob each have owned 30 of the 60 outstanding shares of Garden Corporation stock. Carmel transfers property having an $8,250 basis and a $15,000 fair market value (FMV) to Garden for an additional eight shares of Garden stock. Requirement How much gain or loss must Carmel recognize on the exchange? If the transaction does not meet the Sec. 351 requirements, suggest ways in which it can be structured so as to meet these requirements. How much gain or loss must Carmel recognize on the exchange? Complete the table below to show Carmel's realized gain or loss and recognized gain or loss. (Enter a 0 if no gain is realized and/or recognized. Use a minus sign or parentheses for a loss.) Carmel's realized gain (loss) = Carmel's recognized gain (loss) = Gregory and Helen own 260 and 240 shares, respectively, of Poly Corporation stock, which represent all the shares outstanding. The current market value per share is $28. Poly needs capital to expand its operations, and Helen is willing to contribute to Poly silver bullion against which the corporation can borrow operating funds. Helen purchased the bullion 12 years ago, when its cost was a fraction of its current market value. Read the requirement. How many additional shares must Helen receive in exchange for the bullion to avoid recognizing a gain? What value of silver bullion should she contribute to Poly in exchange for additional shares