QUESTION 10 10 points Save Answes Cashew Corporation gives its voting stock worth $900,000 and a building worth $300,000 with a basis of $375,000 for the assets of Brauil Corporation worth $1,200,000 and basis of $700,000 Brazil distributes the stock in Cashew Corporation to its sole sharcholder. Which, if any, of the following statements regarding this transaction is correct? O Cashew recognizes a loss of S7500 on the transaction. O Cashew recognizes a loss of $75,000 on the transaction. OBrazll recognizes a gain of $300,000 on the transaction. o Brazll recognizes a gain of $300,000 and Cashew recognizes a loss of $75,000 on the transaction O None of the above