Which of these statements are true? please provide reasoning and irc citations

4Adam transfers 'inventory with an adjusted basis of $120,000, fair market value of $300,000, for

85% of the stock of Heron Corporation. In addition, he receives cash of $30,000. Adam recognizes

capital gain of $30,000 on the transfer.

5Since services are not considered property under 351, a taxpayer must report as income the fair

market value of stock received for such services.

6A stock redemption involves an exchange of stock for cash or property, thus, the transaction always

results in sale or exchange treatment for the shareholder.