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Three individuals form Treebeard Corporation have the following contributions: Twig, cash of $30,000 for 30...

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Accounting

Three individuals form Treebeard Corporation have the following contributions: Twig, cash of $30,000 for 30 shares; Stick, gives land worth $25,000(basis of $13,700) for 25 shares; and Trunks, sheep worth $7,000(basis of $4,500) for 7 shares and services worth $22,000 for 22 shares.
Question options:
Trunks's basis in her stock is $4,500.
None of these.
These transfers are fully taxable and not subject to 351.
Stick's basis in his stock is $25,000.
Trunks's basis in her stock is

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