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Mara and Bob form Robin Corporation. Mara transfers property worth $420,000 (basis of $150,000) for 70 shares in Robin Corporation. Bob receives 30 shares for

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Mara and Bob form Robin Corporation. Mara transfers property worth $420,000 (basis of $150,000) for 70 shares in Robin Corporation. Bob receives 30 shares for property worth $15,000 (basis of $3,000) and for legal services (worth $165,000) in organizing the corporation. a. What gain or income, if any, will the parties recognize on the transfer? Mara recognizes no gain or loss X of $ 0 X and Bob recognizes a gain of $ 15,000 X and has a gift x of $ 165,000 b. What basis do Mara and Bob have in the Robin Corporation stock? Mara has a basis of $ 150,000 X, while Bob has a basis of $ 45,000 X in the stock. c. What is Robin Corporation's basis in the property and services it received from Maria and Bob? Robin Corporation has a basis of $ 150,000 X in the property Mara transferred and a basis of $ Bob transferred. 30,000 X in the property

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