Maria and Bob form Robin Corporation. Maria transfers property worth $170,000 with a basis of $59,500 for 70 shares in Robin Corporation. Bob receives 30 shares for property worth $68,000 with a basis of $13,600 and legal services worth $6,800 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? Mara recognizes of \$ Bob recognizes of \$ x. Feedback verear wh wor Section 351 is mandatory if a transaction satisfies the provision's requirements. Th three requirements for nonrecognition of gain or loss under $351 are that (1) property is transferred (2) in exchange for stock and (3) the property transferors are in control of the corporation after the exchange. b. What basis do Mara and Bob have in the Robin Corporation stock? Maria has a basis of $, and Bob has a basis of $ in the stock. Feedback rchea wy won Correct c. What is Robin Corporation's basis in the property and services it received from Maria and Bob? Robin Corporation has a basis of $x in the property Maria transferred and a basis of $x in the property Bob transferred