This year, Vincent, Meg, Karen and John form Frost Corporation.

For $100$ shares of Frost stock, Vincent contributes an office building with a $$50,000$ adjusted basis, $$250,000$ FMV$,$ and $$150,000$ mortgage $($assumed by Frost$).$

Meg contributes vehicles purchased two years ago and used in her business having a $$250,000$ adjusted basis and a $$200,000$ FMV in exchange for $150$ shares of Frost stock. Meg also receives $$50,000$ in cash.

Karen contributes services $($organization costs$)$ worth $$75,000$ and $$25,000$ cash in exchange for $100$ shares of Frost stock.

John contributes cash of $$50,000$ and stock that has a $$100,000$ FMV $($purchased as an investment four years ago for $$10,000)$ in exchange for $150$ shares of Frost stock.

For each new shareholder in Frost Corporation, determine the following. Use parentheses for negative numbers $(x,xxx)$

Realized gain$/($loss$)$

Recognized. gain$/($loss$)$

Adjusted basis in Frost shares

Meg

Karen

John