Maria recognizes

Bob recognizes

$($a capital gain $,$ ordinary income $,$ Or No gain$/$no loss$)$

Maria and Bob form Robin Corporation. Maria transfers property worth $180,000 with a basis of $63,000 for 70 shares in Robin Corporation. Bob receives 30 shares for property worth $72,000 with a basis of $14,400 and legal services worth $7,200 in organizing the corporation. If there is no gain or loss, enter "O" for the amount. a. What gain or income, if any, will the parties recognize on the transfer? Maria recognizes Of Bob b. What basis do Maria and Bob have in the Robin Corporation stock? Maria has a basis of and Bob has a basis of 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 transferred. in the property Maria transferred and a basis of in the property Bob