This year, Charles, Kevin, and Kate form ABC Corporation by making the following contributions:

$\backslash$table$[[$Shareholder$,$Asset,Basis,FMV$],[$John$,\backslash$table$[[$Land $($held as an$],[$investment by him$)]],$$$25,000,$$$30,000$

Each shareholder receives $20$ shares of stock in the corporation and each shareholder received a $$10,000$ note from the corporation.

a$.$ What is each shareholder's realized gain$/$loss$?$

b$.$ What is each shareholder's recognized gain$/$loss$?$

c$.$ What is each shareholder's basis in their stock? When does their holding period begin?

d$.$ Create ABC Corp.$\text{'}$s tax balance sheet

e$.$ Create ABC Corp.$\text{'}$s FMV balance sheet

f$.$ If each shareholder sold their stock tomorrow, how much gain or loss would each recognize? How does this gain$/$loss relate to parts a and b$?$

Show your work for each section.