Q 7-9

Hi I need help with the question attached, thanks

Robert and Sylvia propose to have their corporation, Wolverine Universal (WU), acquire another corporation, EMU Inc., in a stock-for-stock Type B acquisition. The sole shareholder of EMU, Edie Eagle, will receive $577,500 of WU voting stock in the transaction. Edie's tax basis in her EMU stock is $117,000. a. What amount of gain or loss does Edie recognize if the transaction is structured as a stockfor-stock Type B acquisition? b. What is Edie's tax basis in the WU stock she receives in the exchange? c. What is the tax basis of the EMU stock held by WU after the exchange