write your answers in the space provided after each question. You may type or handwrite your answer. Also, show your work. Each question is worth 4 points. 1. I In a Section 351 transaction, Alex transfers property to his corporation. His basis in the property was $20,000 and he received $46,000 in stock and $4,000 in cash (boot). (a) How much gain will he recognize? (b) In Question 15, above, what will Alex's basis be in his stock? (c) What basis will the corporation have in the property