Trish and Ron form Pine Corporation. Trish transfers inventory basis of $60,000 and air market value of $110,000 for 50% of the stock in Pine. Ron transfers machinery basis of $20,000 and air market value of $60,000 and agrees to serve as a manager of Pine Corporation for one year or 50% of the stock. What are the overall tax consequences for Trish, Ron, and Pine corporation separately and combined?