I understand parts A- F. However, I am having trouble with finishing G and H. (format above)

In the current year, Luke, Tara, and Steve form Ash Corporation. Luke contributes land (a capital asset) having a $75,000 FMV purchased as an investment four years ago for $20,500 in exchange for 75 shares of Ash stock. Tara contributes machinery (Sec. 1231 property) purchased four years ago and used in her business in exchange for 75 shares of Ash stock. Immediately before the exchange, the machinery had a $85,000 adjusted basis and a 75,000 FMV. Steve contributes services worth $40,000 in exchange for 40 shares of Ash stock. Read the requirements. Requirement h. How would your answers to Parts a through g change if Steve instead contributed $10,000 in cash and services worth $30,000 for his 40 shares of Ash stock?

CORRECT a. Luke recognizes no gain or loss.

CORRECT b. Luke's basis in the Ash shares is four years ago 20,500 and his holding period for the stock is deemed to begin when Luke originally purchased the land.

CORRECT c. Tara recognizes no gain or loss.

CORRECT d. Tara's basis in the Ash shares is 85,000 and his holding period for the stock is deemed to begin when Tara originally purchased the machinery. four years ago

CORRECT e. Steve recognizes ordinary income of $30,000.

CORRECT f. Steve's basis in the Ash shares is $ 40,000 and his holding period begins the day after the exchange date.

INCORRECT AND NEED HELP: g. What is Ash's basis in the land and the machinery? When does its holding period begin? How does Ash treat the amount paid to Steve for his services?

INCORECT AND NEEC HELLP H. How would your answers to Parts a through g change if Steve instead contributed $10,000 in cash and services worth $30,000 for his 40 shares of Ash stock?

Please explain parts G and H. Thank you!

The word bank is: Contributed the land. Contributed the machinery. Contributed the services. Formed Ash corporation. Purchased the land. Purchased the Machinery.