Joe, Bill, and Fred are forming the JBF Partnership by contributing the following:

$($a$)$ What is Joe's total realized gain$/$income or loss?

$($b$)$ What basis does the partnership take in the inventory contributed by Bill?

$($c$)$ What is Bill's total recognized gain$/$income or loss?

$($d$)$ What is Fred's total realized gain$/$income or loss?

$($e$)$ What is Fred's total recognized gain$/$income or loss?

$($f$)$ What is Fred's basis in his partnership interest?