HW Score: 25.71%, 9 of 35 points * Points: 0 of 9 Question 2, PC:2-41 (similar to) Homework: Unit 3 Lab Assignment 2 Part 1 of 4 Nicolette transfers to Hillside Corporation depreciable machinery originally costing $22,000 and now having an) $17.000 adjusted basis. In exchange. Nicolette receives all 150 shares of Hillside stock having a(n) 515,000 FMV and a three-year Hillside note having an) 89,000 FMV. Read the requirements Requirement a. What are the amount and character of Nicolette's recognized gain or loss? Nicolette realizes ain) and recognizes ain) HW Score: 25.71%, 9 of 35 points * Points: 0 of 9 Question 2, PC:2-41 (similar to) Homework: Unit 3 Lab Assignment 2 Part 1 of 4 Nicolette transfers to Hillside Corporation depreciable machinery originally costing $22,000 and now having an) $17.000 adjusted basis. In exchange. Nicolette receives all 150 shares of Hillside stock having a(n) 515,000 FMV and a three-year Hillside note having an) 89,000 FMV. Read the requirements Requirement a. What are the amount and character of Nicolette's recognized gain or loss? Nicolette realizes ain) and recognizes ain)