Please show all detailed calculations:

Allen transferred 3 assets to newly formed corporation in exchange for 100 shares of voting common stock plus cash. The assets transferred were as follows:

Asset I real estate held for 2 years. FMV $44,000 adjusted basis of $80,000 Asset II real estate held for 6 months. FMV $66,000 adjusting basis of $40,000 Asset III depreciable property (1245) FMV $110,000, adjusted basis of $50,000 Cash received $20,000

Stock received 100 shares of voting common FMV = $200,000

What is the total gain recognized by Allen on the exchange

What is Allen's basis in the stock receivedon the exchange?

What is the holding period& character of any gain or loss for thestock received by allen?

What is the corporation's total basis in the assets received from Allen?

What is corporation's basis in asset I?

What Is corporation's basis in asset II?

What is corporation's basis in asset III?

What is the corporation's holding period and character in the assets transferred?