7 Part 4 of 7 Zhang 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 fair market values and adjusted tax bases: Adjusted Tax Basis 3 points eBook Print Inventory Building Land Total FMV $ 20,000 150,000 230,000 $ 10,000 100,000 300,000 $ 400,000 $ 410,000 The corporation also assumed a mortgage of $100,000 attached to the building and land. The fair market value of the corporation's stock received in the exchange was $300,000. The transaction met the requirements to be tax-deferred under 351. (Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.) References Problem 19-40 Part d (Static) d. What is the corporation's adjusted tax basis in each of the assets received in the exchange? Inventory Building Land Adjusted basis S 10,000 S 100.000 S 0