*Tax question *

Individual I transferred three properties (1,2,3) listed below to Corporation X in a transaction that qualified for IRC 351. In the exchange I received only X stock.

FMV AB

Property 1 $10,000 $0

Property 2 $20,000 $25,000

Property 3 $10,000 $25,000

1. What is Is adjusted basis in the X stock received in the transaction?
2. What is Xs adjusted basis in Property 2?
3. If I had received $4000 of cash (boot) in the exchange (instead of only X stock): a. what gain or loss, if any, would I recognize? And b. what basic would X take in property 1?