Gabriella and Juanita form Luster Corporation. Gabriella transfers cash of $50,000 for 50 shares of nonqualifled preferred stock, and Juanita transfers information concerning a proprietary process (basis of zero and fair market value of $50,000 ) for 50 shares of nonqualified preferred stock. Jaanita mavt recognize eain of 5,50,000 Neither Galtriella nor Jlanita will recogniod bain on the transfer. Because Juanita is required to recogniec gain on the traesfier, Gabriella also atas recognize gaib. The transfers to laster are fully takable to both Gabriella and Joanita. None of the other choices are corect