Three individuals form Guardians Corporation with the following contributions: Drax, cash of $50,000 for 50 shares; Rocket, land worth $20,000 (basis of S11,000) for 20 shares; and Mantis, equipment worth $9,000 (basis of S6,000) for 9 shares and services worth $21,000 for 21 shares. a. What gain or loss wll be recognized by Drax? b. What gain or loss will be recognized by Rocket? c. What gain or loss will be recognized by Mantis? d. What basis will each shareholder have in the corporate stock? e. What basis will the corporation have in the properties transferred