Maria and bob form Robin Corporation. Marfa transfers property worth $197,500 with a basis of $09,125 for 70 shares in Robin 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? Maria recognizes x, tob recognizes of 3 Freation. Section 351 is mandatory if a transaction satisfies the provision requirements. The three requirements for nonrecognition of gain or los 351 are that (1) property is transforret (2) in exchange for stock and (3) the property tranferors are in control of the corperation after exchange. b. What basis do Maria and Bob have in the Robin Corporation stock? Maria has a basls of and Hunh has a haele of. In the stock. riontive hisinge C. What is Robin Corporation's basis in the property and services ic receivod from Marfa and Bob? Robin Corporation hias a basitt of trensiterted. in the property Maria transfined and a base of In the ptoperty Bob