You have been hired as Lucky Baskets Corporation's accountant. Aiming to create a better shopping cart, it was founded last year by Lucian, Ocean, Yannis, and Clarke, with the following consideration: Who Basis to Transfer Fair Market Value Number of Shares Issued From Ocean-Inventory $30,000 $96,000 30; plus $6,000 in cash From LucianEquipment of depreciation (net of $30,000 depreciation taken in prior years) 45,000 99,000 30; plus $9,000 in cash From Clarke-Proprietary process 15,000 90,000 30 From Yannis-Cash 30,000 30,000 10 Assume that the value of each share of Lucky Baskets stock is $3,000. The founders ask you to calculate the following values based on 351 rules. Question 1 Ocean's realized gain or loss and recognized gain or loss