Show all your calculations Seven Problems . Each Problem worh 15 points, T/F,M/C=1.5 Points Mark and Gill form X corporation with the following consideration: Consideration Transferred Basis to FMV Number of Shares Transferor Received From Mark Cash 80,000 80,000 Inventory 160,000 320,000 40 From Gill Services 0 20,000 2 Calculate Realized and recognized gain/loss, basis to each shareholder. Also calculate basis to X corporation for Inventory