Mark and Jain form X corporation with the following consideration: Consideration Transferred Basis to FMV Number of Shares Transferor Received From Mark Cash Installment Obligation 20,000 140,000 20,000 180,000 20 20,000 2 From Jain Services Calculate Realized and recognized gain/loss, basis to each shareholder. Also calculate basis to X corporation for Installment Obligation. to the plan as presented above. S