Mar$$a and Bob form Robin Corporation. Mar$$a transfers property worth $$265,000$ with a basis of $$92,750$ for $70$ shares in Robin Corporation.

Bob receives $30$ shares for property worth $$106,000$ with a basis of $$21,200$ and legal services worth $$10,600$ in organizing the

corporation.

If there is no gain or loss, enter $"0"$ for the amount.

a$.$ What gain or income, if any, will the parties recognize on the transfer?

Mar$$a recognizes a capital gain

of $

Bob recognizes a capital gain

of $

b$.$ What basis do Mar$$a and Bob have in the Robin Corporation stock?

Mar$$a has a basis of $

$,$ and Bob has a basis of $

in the stock.

c$.$ What is Robin Corporation's basis in the property and services it received from Mar$$a and Bob?

Robin Corporation has a basis of $

in the property Mar$$a transferred and a basis of $

in the property Bob

transferred.