In $2023,$ Alice, Brett, Casey, and Donald form ABCD Corporation with the following consideration:Consideration Transferred NumberAdj. Basis to of SharesFMV Transferor IssuedFrom Alice:Legal and accounting services to form the corporation $ $30,000$ $ $-10$From Brett:Machine $($$$42,000$ of depreciation taken in prior years$)300,000335,000100$From Casey:Cash $85,00085,000$Accounts Receivable $55,000-40*$From Donald:Equipment $($$$31,000$ of depreciation taken in prior years$)380,000180,000$Mortgage Liability on the Equipment $230,000230,00050***$ Casey also receives $$20,000$ in marketable securities in addition to the $40$ shares.$**$ ABCD Corporation assumes the mortgage liability transferred by Donald.Requireda. How much is the fair market value of each share of ABCD Corporation stock issued to the shareholders?b$.$ How much, if any, is Alice's recognized gain or loss? What is the character of the gain or loss?c$.$ How much is Alice's basis in the corporation's stock?d$.$ How much is the corporation's basis in the services that Alice contributes?e$.$ How much gain or loss must Brett recognize? What is the character of the gain or loss?f$.$

How much is Brett's basis in the corporation's stock?g$.$ How much is the corporation's basis in the machine?h$.$ What election could be made for Brett's stock basis since the property he contributes has a built$-$in loss?How much is Brett's basis in the corporation's stock if he makes this election?i$.$ How much is the corporation's basis in the machine if Brett makes the election noted in part $($h$)$ above?j$.$ How much is Casey's recognized gain or loss