Required information The following information applies to the questions displayed below.] Mickey, Mickayla, and Taylor are starting a new business ( MMT). To get the business started, Mickey is contributing $224,000 for a 40 percent ownership Interest, Mickayla is contributing a building with a value of $224,000 and a tax basis of $168,000 for a 40 percent ownership interest, and Taylor is contributing legal services for a 20 percent ownership interest. What amount of gain is each owner required to recognize under each of the following alternative situations? [Hint: Look at $351 and 5721.] (Leave no answer blank. Enter zero if applicable.) a. MMT is formed as a C corporation. Mickey Mickayla Taylor Gain or Ordinary income Gain or Ordinary income Gain or Ordinary income b. MMT is formed as an Scorporation. Mickey Mickayla Taylor Gain or Ordinary income Gain or Ordinary income Gain or Ordinary income c. MMT is formed as a LLC. Mickey Mickayla Taylor Gain or Ordinary income Gain or Ordinary income Gain or Ordinary income