5. Thor transfers land (basis of $140,000 and fair market value of $320,000) to Asgard Corporation for 80% of its stock and a note payable in the amount of $80,000. Asgard assumes Thor's mortgage on the land of any 00 vihnrlos must Tho oeognizs. i any? (10 points) 6 Nebula transfers land to Gauntlet, Inc. Corporation for 90% of the stock in Gauntlet, Inc. worth S20,000 plus a note payable to Nebula in the amount of $40,000 and the assumption by Gauntlet of a mortgage on the land in the amount of $100,000. The land, which has a basis to Nebula of S70,000, is worth $160,000. (10 points) What amount of gain will Nebula have to recognize as a result of the transfer? b What is Nebula's basis in the corporate stock? c What is Gauntlet's basis in the land