QUESTION $5($CHAPTER $18)$ WORTH $8$ POINTS Zach Davis, Andy Coughenour, and Cara Pattinato are forming D$.$C$.$P$.$ Corporation. The following table illustrates their contributions and what they receive from D$.$C$.$P$.$ Corporation. Contribution to D$.$C$.$P$.$ Received From D$.$C$.$P$.$ Type of Contribution Fair Market Value Adjusted Basis Mortgage $(5$ years old$)$ Number of Shares of Stock Other Property Received Zach Equipment $$40,000$ $$14,000-3$ $$10,000$ Andy Equipment $$70,000$ $$50,000-20-$ Accounting services $$130,000--$ Cara Building $$1,000,000$ $$200,000$ $$130,00087-($a$)$ How much gain$/$income or loss, if any, does Cara recognize upon formation of D$.$C$.$P$.?($b$)$ What is Cara$$s basis in her D$.$C$.$P$.$ stock? $($c$)$ How much gain$/$income does Zach recognize? $($d$)$ Suppose, instead, that Andy receives $30$ shares in exchange for $$300,000$ of legal services, but he does not contribute equipment $($the rest of the numbers in the problem remain the same$).$ In that case, how much gain$/$income$,$ if any, does Zach recognize upon formation of D$.$C$.$P$.?$