Problem 18-27(b) (LO. 1, 3) Ryan and Kristen form the Carolina Corporation with the following consideration: Consideration Transferred Basis to Fair Market Number of Transferor Value Shares Issued From Ryan- Cash $820,000 $820,000 Notes receivable 235,000 290,000 1,110 rom Kristen Cash Patent Machinery 100,000 300,000 260,000 100,000 500,000 200,000 800 In the event the corporation is subject to the built-in loss adjustment, the alternative approach is not elected by the corporation and shareholder. Regarding these transactions, provide the following information: If an amount is zero, enter "O". a. Ryan's recognized gain or loss is $