Mara and Bob form Robin Corporation. Mara transfers property worth $230,000 (basis of $80,500) for 70 shares in Robin Corporation. Bob receives 30 shares for property worth $92,000 (basis of $18,400) and for legal services (worth $9,200) in organizing the corporation.

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

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

Mara recognizes

a capital gainordinary incomeno gain or loss

of $fill in the blank f3d6c1031fa4064_2. Bob recognizes

a capital gainordinary incomeno gain or loss

of $fill in the blank f3d6c1031fa4064_4.

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b. What basis do Mara and Bob have in the Robin Corporation stock?

Mara has a basis of $fill in the blank 427bbaf84076043_1, and Bob has a basis of $fill in the blank 427bbaf84076043_2 in the stock.

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

Robin Corporation has a basis of $fill in the blank 7d1f5cfd0057ff6_1 in the property Mara transferred and a basis of $fill in the blank 7d1f5cfd0057ff6_2 in the property Bob transferred.