Question: 4. (EXTRA CREDIT - 10 POINTS) Bethany incorporated her sole proprietorship this year. She formed BBB Inc. on August 8, 2022 and transferred the following

4. (EXTRA CREDIT - 10 POINTS) Bethany incorporated her sole proprietorship this year. She formed BBB Inc. on August 8, 2022 and transferred the following assets to BBB Inc. in exchange for all of its stock: Asset FMV Basis Tractor $100,000 $130,000 Land $500,000 $490,000 Shelving $20,000 $80,000 a. What is Bethany's realized gain or loss? What is Bethany's recognized gain or loss? b. What is BBB Inc.'s basis of the assets received (assume no special tax elections are made)

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