May you please answer questions 5 - 7.

1. Does Antoine have income, gain or loss on the transaction in which he receives stock in NEWCO? 2. What is Antoine's basis in NEWCO stock? 3. Does Angelica have income, gain, or loss on the transaction in which she receives stock in NEWCO? 4. What is Angelica's basis in NEWCO stock? 5. Does Stan have income, gain , or loss on the transaction in which he receives stock in NEWCO? 6. What is Stan's basis in his NEWCO stock? 7. What basis does NEWCO have in: a. The computer and peripheral equipment b. Office furnishings c. Land and building