Krissy Kraus and Manny Martin form K&M Corp. Krissy transfers land with an adjusted basis of $20,000 for stock worth $18,000 and $3,000 cash. Manny transfers a backhoe with an adjusted basis of $20,000 for stock worth $11,000 and $8,000 cash. What is Krissys realized gain/loss? Will she recognize any of that gain/loss? What is Mannys realized gain/loss? Will he recognize any of that loss?