On January 10 of the current year, Vicky transfers to Farafal Corporation a machine purchased three years ago for $102,000. On the transfer date, the machine has a $52.000 adjusted basis and a $143,000 fair market value (FMV). Vicky receives all 130 shares of Farafal common stock, worth $130,000, and 13 shares of nonqualified preferred stock worth $13,000. Read the requirements. wwww Requirement a. What are the amount and character of Vicky's recognized gain or loss? Vicky realizes a and recognizes a(n) This is treated as Requirement b. What is Vicky's basis in the common stock? When does her holding period begin? and her holding period for the stock is deemed to begin Vicky's basis in the common stock is when she Requirement c. What are the amount and character of Farafar's gain or loss? Farafal Corporation recognizes Requirement d. What is Farafal's basis in the machine? When does Farafal's holding period begin? and Farafal's holding period is deemed to begin Farafal's basis in the machine is when