Transfer to an Existing Corporation. For the last five years, Ann and Fred each have owned 50 of the 100 outstanding shares of Zero Corporation stock. Ann transfers land having a $10,000 basis and a $25,000 FMV to Zero for an additional 25 shares of Zero stock. Fred transfers $1,000 cash to Zero for one additional share of Zero stock. What amount of the gain or loss must Ann recognize on the exchange? If the transaction does not meet the Sec. 351 requirements, suggest ways in which it can be structured so as to meet these requirements