In $2023,$ Marcus was the only shareholder of XYZ Corporation. Marcus owned the only $10,000$ outstanding and voting shares. Under a written plan of organization, Mary will contribute a warehouse and the $1\mathrm{.}2$ acres of land it sits on to XYZ in exchange for $50,000$ shares of XYZ voting stock valued at $$2\mathrm{.}5$ million on June $1,2024.$ The warehouse and land have a cost basis of $$1\mathrm{.}5$ million and $$0\mathrm{.}3$ million respectively and the fair value of the warehouse and the land is $$2\mathrm{.}0$ million and $$0\mathrm{.}5$ million, respectively. Marla will contribute construction equipment for $20,000$ shares of voting shares of XYZ valued at $$1$ million on June $27,2024.$ The equipment has a fair value of $$1$ million and an adjusted tax basis of $$0\mathrm{.}7$ million. Finally, on January $16,2025,$ Madison will contribute $$500,000$ cash for $10,$ shares of XYZ voting shares valued at $$500,000.$ What is Marla$$s realized and recognized gain on the transfer? Multiple Choice $$0$ realized gain; $$0$ recognized gain $$300,000$ realized gain; $$0$ recognized gain $$300,000$ realized gain; $$300,000$ recognized gain