Section 351 Question

John, Andrew, and Maria decide to pool their resources and form JAM, Corporation. Here is how they structured the transaction:

John contributed a building with a fair market value of $400,000 and an adjusted basis of $150,000. This building had a mortgage of $200,000 which JAM Corporation will assume. In exchange for the contribution of the building (and assumption of mortgage), John will receive 400 shares of stock in JAM Corporation.

Maria performed services valued at $180,000. In additional Maria contributed computer equipment with a fair market value of $20,000 and an adjusted basis of $15,000. In exchange for services rendered and the computer equipment, Maria received 200 shares of stock in JAM Corporation.

Andrew contributed $50,000 of cash and manufacturing equipment with a fair market value of $350,000 and an adjusted basis of $80,000. In exchange for the contribution of the cash and manufacturing equipment, Andrew received 400 shares of stock in JAM Corporation.

For Andrew:

How much (if any) gain, loss, or income does Andrew recognize as a result of this transaction?

What is Andrews basis in JAM stock?

What is Jams basis in the manufacturing equipment?