Mickey, mickayla, and taylor are starting a new business (mmt). to get the business started, mickey is contributing $220,000 for a 40 percent ownership interest, mickayla is contributing a building with a value of $220,000 and a tax basis of $155,000 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 irc 351 and 721.] (leave no answer blank. enter zero if applicable.) a. mmt is formed as a c corporation.