Problem $432$Algorithmic$$LO$12$

Marla and Bob form Rebin Corporation$$Maria transters property worth $$152,500$ with a basis of $453,375$ for $70$ shares in Robin Corporaticn$$ Bob recelves $30$ shares for property worth $$61,000$ with a basis of $$12,200$ and legal services worth $$5,100$ in organizing the corporation$$

If there is no $$in or fors$$enter$0$for the mmount$$

a$$What gain or income$$if amy$$will the parties recognize on the transfer$$

Raria recognizes $$ of $5$ Bob recognizes $$ of $1$

b$$What basis do Marie and Bob have in the Robin Corporation stock$$

M$$Tatas a tasisorf $$and bob has a basis of $1$ in the stock$$

c$$What is Robin Corporation$$s basis in the property and services it received from Maria and Bob$$

fortin exporation has a busis of $3$ in the property Maria transterred and a basis of I $$ in the property Bob transferred$$