Noah and Olivia form Globe Corporation with the following investments.

Noah - FMV Cash $355,000 Olivia - Property (basis of $298,200). 426,000 Noah and Olivia both receive 1,000 shares of Globe stock, but Olivia also receives cash of $71,000. Assume that each share of the Globe stock is worth $355. a. Olivia's recognized gain is $ b. Olivia's basis in her Globe stock is $ c. Globe's basis in the property received is $