The four shareholders made the following contributions to Amber Co. in exchange for stock on January...

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The four shareholders made the following contributions to Amber Co. in exchange for stock on January 2, Year 1: Shareholder ownership of Shareholder Shareholder contributions stock $20,000 in cash; property worth $60,000 ($40,000 basis) $10,000 in cash; property worth $50,000 ($30,000 basis), with related assumed recourse liability of $20,000 Property worth $60,000 ($50,000 basis); received $10,000 in cash from Amber Co. $10,000 in cash; property worth $40,000 ($5,000 basis), with a related assumed recourse liability of $20,000 Clay 40% Finch 20% Lark 25% Token 15% Using the information in the exhibits, complete the table below by entering the appropriate amounts in the associated cells. Enter gains as positive values and losses as negative values using a leading minus (-) sign. If a value is zero, enter a zero (0). A B E Amber Co.'s tax t Shareholder tax basis in Shareholder Shareholder 1 Shareholder noncash property Amber Co. stock gain realized gain recognized from sharehol 123 123 2 Clay 123 3 Finch 123 4 Lark 123 123 5 Token 图 C D E Amber Co.'s tax basis in Shareholder tax basis in Shareholder Shareholder noncash property received Amber Co. stock gain realized gain recognized from shareholder 123 123 123 123 123 123 123 123 The four shareholders made the following contributions to Amber Co. in exchange for stock on January 2, Year 1: Shareholder ownership of Shareholder Shareholder contributions stock $20,000 in cash; property worth $60,000 ($40,000 basis) $10,000 in cash; property worth $50,000 ($30,000 basis), with related assumed recourse liability of $20,000 Property worth $60,000 ($50,000 basis); received $10,000 in cash from Amber Co. $10,000 in cash; property worth $40,000 ($5,000 basis), with a related assumed recourse liability of $20,000 Clay 40% Finch 20% Lark 25% Token 15% Using the information in the exhibits, complete the table below by entering the appropriate amounts in the associated cells. Enter gains as positive values and losses as negative values using a leading minus (-) sign. If a value is zero, enter a zero (0). A B E Amber Co.'s tax t Shareholder tax basis in Shareholder Shareholder 1 Shareholder noncash property Amber Co. stock gain realized gain recognized from sharehol 123 123 2 Clay 123 3 Finch 123 4 Lark 123 123 5 Token 图 C D E Amber Co.'s tax basis in Shareholder tax basis in Shareholder Shareholder noncash property received Amber Co. stock gain realized gain recognized from shareholder 123 123 123 123 123 123 123 123