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Carla incorporated her sole proprietorship by transferring inventory. a building, and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following falr market values and adjusted tax bases: The corporation also assumed a mortgage of $155,000 attached to the building and land. The fair market value of the corporation's stock recelved in the exchange was $343,500. Note: Negative amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. Required: a. What amount of gain or loss does Carla realize on the transfer of the property to the corporation? b. What amount of gain or loss does Carla recognize on the transfer of the property to her corporation? c. What is Carla's basis in the stock recelved in the new corporation? Complete this question by entering your answers in the tabs below. What amount of gain or loss does Carla realize on the transfer of the property to the corporation? Carla Incorporated her sole proprletorship by transferring Inventory, a bullding, and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following falr market values and adjusted tax bases: The corporation also assumed a mortgage of $155,000 attached to the building and land. The fair market value of the corporation's stock recelved in the exchange was $343,500. Note: Negatlve amounts should be Indlcated by a minus sign. Leave no answer blank. Enter zero lf applicable. Required: a. What amount of gain or loss does Carla realize on the transfer of ine property to the corporatlon? b. What amount of gain or loss does Carla recognize on the transfer of the property to her corporation? c. What is Caria's basis in the stock recelved In the new corporation? Complete this question by entering your answers in the tabs below. What amount of gain or loss does Carla recognize on the transfer of the property to her corporation? Carla Incorporated her sole proprletorship by transferring inventory, a bullding, and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following fair market values and adjusted tax bases: The corporation also assumed a mortgage of $155,000 attached to the bullding and land. The falr market value of the corporation's stock recelved in the exchange was $343,500. Note: Negatlve amounts should be Indlcated by a minus sign. Leave no answer blank. Enter zero If applicable. Required: a. What amount of gain or loss does Carla realize on the transfer of the property to the corporation? b. What amount of gain or loss does Carla recognize on the transfer of the property to her corporation? c. What is Carla's basis in the stock recelved in the new corporation? Complete this question by entering your answers in the tabs below. What is Carla's basis in the stock received in the new corporation