$$In a Section $351$ transaction, Ed transfers property to his corporation. His basis in the property was $$9,000$ and he received $$7,000$ in stock and $$3,000$ in cash $($boot$).$

$($a$)$How much gain will he recognize?

$($b$)$What is Ed$$s basis in the stock he received?

$($c$)$What is the corporation's basis in the property received from Ed$?$

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