A taxpayer contributes property with an Adjusted Basis of $75,000 and a Fair Market Value of $155,000 to his business entity. If the entity is an $ corporation and the transaction qualifies under Section 351 , the 5 corporation's basis for the asset and the shareholder's basis for his stock are: $155,000 - Asset Basis, $75,000 - Stock Basis. $155,000 - Asset Basis, $155,000 - Stock Basis $75,000 - Asset Basis; $75,000 - Stock Basis \( \$ 7 5 \longdiv { 0 0 0 } \) - Asset Basis, \$155,000 - 5tock Basis