Questions 1-15 are based on the following information: Five individuals, A, B, C, D, and E, formed X Co. After making the following transfers to X Co., they own 100% of X Co: In return, they receive the following from Co: Question 8 2pts C's basis in the X Co. stock is $9,000 None of these. $34,000 $39,000 Question 9 2 pts X Co.'s basis in the property received from C is $9,000 None of these. $35,000 $39,000 E's basis in the X Co. stock is $20,000 None of these. $10,000 $28,000 Question 15 2 pts X Co.'s basis in the property received from E is $45,000 $27,000 $20,000 None of these. X Co.'s basis in the property received from D is None of these. $57,000 $63,000 $60,000 Question 13 2 pts E's recognized gain or loss is $2,000 capital gain; $5,000 ordinary income $5,000 capital gain; $2,000 ordinary income None of these. $7,000 capital gain D's recognized gain or loss is None of these. $3,000 gain 0 loss Question 11 2 pts D's basis in the X Co. stock is $47,000 None of these. $57,000 $60,000