Problem 2: Advise your client, Mark Stavros regarding the following scenario: Mark exchanges property (basis of $150,000 and fair value market value of $750,000) for 70% of the stock of Castile Corporation. The other 30% is owned by Bella Montana, who acquired her stock several years ago. Mark is inquiring whether or not he has any taxable item related to this transaction. Required: a. Identifying the tax issue Mark is inquiring about. b. Document your Analysis of the scenario, including any relevant tax codes that apply to Mark's tax situation. C. Prepare a memo to communicate your findings to Mark. Be sure that your communication can be understood by a person who is not an accountant. This means that quoting code sections is not helpful. Note: Be sure to properly label the three requirements. Failure to do so will result in a loss of substantial points. Problem 2: Advise your client, Mark Stavros regarding the following scenario: Mark exchanges property (basis of $150,000 and fair value market value of $750,000) for 70% of the stock of Castile Corporation. The other 30% is owned by Bella Montana, who acquired her stock several years ago. Mark is inquiring whether or not he has any taxable item related to this transaction. Required: a. Identifying the tax issue Mark is inquiring about. b. Document your Analysis of the scenario, including any relevant tax codes that apply to Mark's tax situation. C. Prepare a memo to communicate your findings to Mark. Be sure that your communication can be understood by a person who is not an accountant. This means that quoting code sections is not helpful. Note: Be sure to properly label the three requirements. Failure to do so will result in a loss of substantial points