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What is the stock basis for the following transactions? Ricky and Lucy form a new corporation. Ricky transfers land ($30,000 basis and FMV of $70,000)

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What is the stock basis for the following transactions? Ricky and Lucy form a new corporation. Ricky transfers land ($30,000 basis and FMV of $70,000) and gets back $10,000 in cash Lucy transfers cash of $60,000 O a. Ricky's basis is $30,000 and Lucy's is $30,000 O b. Ricky's basis is $40,000 and Lucy's is $60,000 c. Ricky's basis is $60,000 and Lucy's is $30,000 d. Ricky's basis is $60,000 and Lucy's basis is $60,000 e. Ricky's basis is $30,000 and Lucy's is $60,000 Of. Ricky's basis is $20,000 and Lucy's is $60,000 O g. All taxable

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