Lud and Sam form Taras Corporation. Lud transfers equipment with an adjusted basis of $30,000, FMV of $60,000, for 50% of the stock. Sam transfers equipment with an adjusted basis of $70,000, fair market value of $60,000, for the remaining 50% of the stock. Determine (1) Luds realized gain or (loss) and (2) Sams realized but unrecognized gain or (loss).

$30,000 and $30,000

$30,000 and $10,000

$0 and ($10,000)

$0 and $60,000