Courtney Vile and Kurt Barnett form Radical Inc. Courtney contributes a building that has a fair market value of $150,000 in exchange for 50 shares of Radical worth $50,000. The building has an adjusted basis of $120,000 and is subject to a mortgage of $100,000. Kurt contributes inventory that has a fair market value of $50,000 in exchange for 50 shares of Radical. The inventory has a basis to Kurt of $55,000. What tax consequences to Courtney and Kurt? What basis will Radical have in the property received.