Mis. Brinkiey transferred business property (FMV \$340,200; adjusted tax basis $111,700 ) to MaW Incorporated in exchange for 4,200 shares of M3W stock. Immediately after the exchange, M\&W had 7,800 shares of outstanding stock. Determine Mrs. Brinkley/s realized and recopnized gain on the exchange and the tax basis in her 4.200 M\&W shares. Multiple Choice $228,500 gain realized and recognized; $340,200 basis in M8W shares $228,500 gain realized and recognized; $11,700 basis in MsW shares $228,500 gain realized and no gain recognized; $ m1700 basis in MWW shares None of these choices are correct