I need advise on how to incorporate this problem as a memo

On May 1 of the current year, Kiara, Victor, Pam, and Joe form Newco Corporation with the following contributions in return for common stock: Transferor Asset transferred to Newco Basis to Transferor FMV Kiara Land Mortgage on land 60,000 Inventory Van Accounting Services $50,000 $100,000 Number of common shares issued 400 $25,000 $15,000 -0- $40,000 $10,000 $10,000 300 50 100 Victor Pam Joe Kiara purchased the land several years ago for $62,000. Victor also received a Newco Corporation note worth $10,000 due in three years. The note bears interest at a rate acceptable to the IRS. Pam also receives $5,000 cash. Pam purchased the van two years ago for $20,000. Please write a detailed memo to the Newco Corp that addresses the following questions and explains each of your points. a. Does the transaction satisfy the requirements of Sec. 351 for a tax-free incorporation? b. What are the amounts and character of the recognized gains or losses to Kiara, Victor, Pam, Joe and Newco Corporation? c. What is each shareholder's basis for his or her Newco Stock? When does the holding period for the stock begin for each shareholder? d. What is Newco Corporation's basis for the property and services it receives? When does its holding period begin for each property