Gabriella and Juanita form Luster Corporation. Gabriella transfers cash of $50,000 for 50 shares of stock, and Juanita transfers information concerning a proprietary process copyright (basis of zero and fair market value of $50,000) for 50 shares of stock. Group of answer choices Neither Gabriella nor Juanita will recognize gain on the transfer. Because Juanita is required to recognize gain on the transfer, Gabriella also must recognize gain. Juanita must recognize gain of $50,000. The transfers to Luster are fully taxable to both Gabriella and Juanita.