Zach Davis, Andy Coughenour, and Cara Pattinato are forming D.C.P. Corporation. The following table illustrates their contributions and what they receive from D.C.P. Corporation. Adjusted Basis Contribution to D.C.P. Fair Type of Contribution Market Value Legal services (drafting Zach $25,000 organizational documents etc.) Andy Equipment $40,000 Received From D.C.P. Number of Other Shares of Property Stock Received 2,500 $46,000 3,000 $10,000 cash Cara Inventory $50,000 $10,000 5,000 (a) How much gain/income or loss, if any, does Zach recognize upon formation of D.C.P.? (b) How much gain/income or loss, if any, does Andy recognize upon formation of D.C.P.? (c) Suppose, instead, that Zach receives 1,000 shares in exchange for $10,000 of legal services. In that case, how much gain/income, if any, does Cara recognize upon formation of D.C.P.? (d) Same facts as (c). What will be Andy's adjusted basis in the D.C.P. Corporation stock? Zach Davis, Andy Coughenour, and Cara Pattinato are forming D.C.P. Corporation. The following table illustrates their contributions and what they receive from D.C.P. Corporation. Adjusted Basis Contribution to D.C.P. Fair Type of Contribution Market Value Legal services (drafting Zach $25,000 organizational documents etc.) Andy Equipment $40,000 Received From D.C.P. Number of Other Shares of Property Stock Received 2,500 $46,000 3,000 $10,000 cash Cara Inventory $50,000 $10,000 5,000 (a) How much gain/income or loss, if any, does Zach recognize upon formation of D.C.P.? (b) How much gain/income or loss, if any, does Andy recognize upon formation of D.C.P.? (c) Suppose, instead, that Zach receives 1,000 shares in exchange for $10,000 of legal services. In that case, how much gain/income, if any, does Cara recognize upon formation of D.C.P.? (d) Same facts as (c). What will be Andy's adjusted basis in the D.C.P. Corporation stock