Marco owns 70% of the stock of Cactus Corporation. In the current year Marco transfer land with a tax basis of $30,000 and a fair market value of $200,000, for additional stock in Cactus worth $200,000. After the transfer, Marco will own 90% of the stock of Cactus Marco has a taxable gain of $170.000 None are correct Marco has a basis of $200.000 in the additional stock he received in Cactus Corporate Marco has a table gain of $200.000 Marco recognizes no taxable sain on the transfer Marco owns 70% of the stock of Cactus Corporation. In the current year Marco transfer land with a tax basis of $30,000 and a fair market value of $200,000, for additional stock in Cactus worth $200,000. After the transfer, Marco will own 90% of the stock of Cactus Marco has a taxable gain of $170.000 None are correct Marco has a basis of $200.000 in the additional stock he received in Cactus Corporate Marco has a table gain of $200.000 Marco recognizes no taxable sain on the transfer Brooks Corporation, a calendar year C corporation was formed and began operations on August 1, 2020. The following expenses were incurred during the first tax year (August 1 through December 31, 2020) of operations: $9,000 Expenses of temporary directors and of organizational meetings Fee paid to the state of incorporation 1,000 2.500 Accounting services incident to organization 3,500 Legal services for drafting the corporate charter and bylaws 4,000 Expenses incident to the printing, sale and issuance of stock certificates What is the amount of the expenditures that qualify as $248 corporate organizational expenditures