Suppose the land in the prior question was subject to a mortgage of $25,000 which Mcorp assumes.

1) How much is the stock K receives worth? (Hint, MCorps assets are worth $200,000 and MCorp has liabilities of $25,000) 2) What is Ks amount realized on the transfer ? 3) What if anything is Ks gain realized on the transfer ? 4 What if anything is Ks gain recognized on the transfer ?