Randolph Company Reported to come from Help + Save & Ext Submit Check my work Required information The following information applies to the questions displayed below) Mickey, Mickayla, and Taylor are starting a new business (MMT). To get the business started, Mickey is contributing $260,000 for a 40 percent ownership interest, Mickayla is contributing a building with a value of $260,000 and a tax basis of $165,000 for a 40 percent ownership interest, and Taylor is contributing legal services for a 20 percent ownership Interest. What amount of gain is each owner required to recognize under each of the following alternative situations? [Hint Look at 5351 and 5721.) (Leave no answer blank. Enter zero if applicable) a. MMT is formed as a C corporation Gain to be recognized by Mickey Mickayla Taylor MacBook Pro so