Question Completion Status: QUESTION 11 In a Section 351 transaction, Pete transfers property worth $20,000 in which his basis was $25,000 and he received stock in his corporation worth $19,000. He also receives $1,000 of cash (boot). How much loss will he recognize, if any? Zero. $1,000 $5,000. $6,000. QUESTION 12 in Question 11. above, what basis will the corporation have in the property? $20,000 $21,000. $24,000. $25,000 QUESTION 13 in a Cortion 351 exchange Max transfers ronert to hic.com oration with tan non His hasic in it was 58 non and it was stihiort to 11 non af dant in