34. Alice and Jane form Osprey Corporation. Alice transfers property, basis of $25,000 and fair market value of $200,000, for 50 shares in Osprey Corporation. Jane transfers property, basis of $50,000 and fair market value of $165,000, and agrees to serve as manager of Osprey for one year; in return, Jane receives 50 shares in Osprey. The value of Jane's services to Osprey is $35,000. Which statement is incorrect? a Jane has income of $35,000, the value of the services she renders to Osprey Corporation. b Osprey Corporation has a basis of $50,000 in the property it acquires - from Jane. C Osprey Corporation has a basis of $85,000 in the property it acquires - from Jane. 0' All of the above are correct. 9 All of the above are incorrect