PLEASE HELP WITH D and E only! provided answers to a, b and c.

In 2005, Ruth transfers the following property for an 80% interest in RGB corporation (1,000 shares):

Land with a FMV of $100,000 and an adjusted basis of $20,000. The land had a $40,000 mortgage which was assumed by the corporation.

a) Does Ruth recognize gain, loss, or income from the transfer of the assets to RGB Corporation?

Ruth's recognition will be $40,000 (the amount of debt)

b) What is the basis of Ruth's stock in RBG Corporation?

$60,000

c) What basis does RBG Corp have in the land?

Basis of RBG Corp on the Land is $20,000

At the end of 2020 (before the Dec. 31 distribution), Ruth has a stock basis of $50,000 and RBG Corporation has a deficit in current E&P of $(2,000) and a deficit in accumulated E&P of ($80,000). On December 31, 2020, the corporation distributes another parcel of land with a fair market value of $80,000 and an adjusted basis of $35,000. Assume that Ruth is in the 37% tax bracket and that she does not have any capital transactions.

d) How much tax (if any) does Ruth owe from the distribution of this equipment?

e) What is Ruth's basis in her stock following this distribution?