Kelly, Tanya, and Barry form The Paint Corporation. Kelly transfers a building (A/B $5,000, FMV $90,000); Tanya invests $50,000 cash and performs services worth $25,000. Barry transfers equipment (A/B $55,000, FMV $35,000) and land (A/B $40,000, FMV $40,000). They each receive 50 shares in The Paint Corporation, and each share is worth $1,500. The corporation assumes a $15,000 mortgage that Kelly owes on the building. The mortgage has business purpose. (a) What is Kelly's recognized gain? (b) What is Kelly's stock basis? (c) What is Tanya's stock basis? (d) What is Barry's stock basis? (e) What is the corporation's basis in the building (f) What is the corporation's basis in the equipment? (g) What is the corporations basis in the land?