Problem 18-32 (Algorithmic) (LO. 1, 2) Maria and Bob form Robin Corporation. Maria transfers property worth $390,000 (basis of $136,500) for 70 shares in Robin Corporation Bob receives 30 shares for property worth $156,000 (basis of $31,200) and for legal services (worth $15,600) in organizing the corporation If there is no gain or loss, enter "O" for the amount. a. What gain or income, if any, will the parties recognize on the transfer? Maria recognizes of Bob recognizes b. What basis do Maria and Bob have in the Robin Corporation stock? Maria has a basis of and Bob has a basis of in the stock c. What is Robin Corporation's basis in the property and services it received from Maria and Bob? in the property Bob in the property Maria transferred and a basis of Robin Corporation has a basis of transferred