Gearty and Olinto organized The Worthington Corp., which issued voting common stock with a fair market value of $$240,000.$ They each transferred property in exchange for stock as follows:

$\backslash$table$[[,,$Adjusted,Fair Market,$\backslash$table$[[$Percentage of The Worthington$],[$Corp$.$ Stock Acquired$]]],[$Gearty$,$Property,Basis,Value,$60\%$