Questions 133 John transfers a piece of construction equipment to win with a bal of 1500,000. The property with $700.000 In return, ohcelves 91of Xity in stock worth $700,000 John did not own mwy stock in Xray prior to the transaction above How much taxable income, any does you have on the transaction above 10 None 0.000 $350.000 O $700.000 None of the other answe chakes are correct 3.33 pts Question 6 Kaylee transfers land to Mel Corporation with a basis of $300,000. The property is worth $700.000 In return, Kaylee receives 74% of Mel Corp, stock, worth $400,000 Kaylee owned 11% of Mel stock prior to the transaction above, How much taxable income, if any, does Kaylee have on the transaction above