Leonard transfers equipment (basis of $40,000 and fair market value of $100,000) for additional stock in green corporation. after the transfer, leonard owns 90% of the stock. leonard had claimed depreciation of $50,000 on the equipment prior to transferring it to green corporation. with respect to the transfer: a. leonard has ordinary income of $50,000.b. leonard has ordinary income of $50,000 and a § 1231 gain of $10,000c. green corporation has ordinary income of $50,000.d. green corporation has a basis of $40,000 in the equipment and it will have no depreciation recapture if it later disposes of the equipment in a taxable transaction. e.none of the above