Please answer as many as you can. Anything will be appreciated. God Bless You!

Basis to Transferor	Fair Market Value	# of Share Received ($1000 per share)
From A
Cash		$ 30,000.00	$ 30,000.00	70
Equipment		$ 30,000.00	$ 40,000.00
From B
Land		$ 50,000.00	$ 60,000.00	30
Mortgage on land		$ 30,000.00	$ 30,000.00
assumed by new corp.
From C
Building		$ 45,000.00	$ 50,000.00	40 plus $10,000 cash
From D
personal services		$ -	$ 6,000.00	6
rendered to the Corp.

The above are transfers to ABC Corporation.

How much gain or loss is recognized by A?

Group of answer choices

$0

$10,000 loss

$10,000 gain

$20,000 gain

How much gain or loss is recognized by B?

Group of answer choices

$0

$10,000 gain

$20,000 gain

$30,000 gain

How much gain or loss is recognized by C?

Group of answer choices

$0

$5,000 loss

$5,000 gain

$10,000 gain

How much income, if any, must D recognize?

Group of answer choices

$0

$600

$6,000

$6,600

Based on the fact of the first question, what basis will ABC corporation have in the building?

Group of answer choices

$30,000

$45,000

$47,000

$50,000