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all are tied to question 4 pls answer all clear Thang incorporated her sole proprietorship by transferring inventory, a building, and land to the corporation

all are tied to question 4 pls answer all clear
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Thang 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 folowing fair market value and ad/usted basis. 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 5351 . What amount of gain or loss does Zhang recognize on the transfer of the property to hat cocporation? QUESTION 5 Based upen the facts in the proo question, what is Zhang's tax basis in the soek she recelven in the exchange? QUESTION 6 Babed on the facts in the two priar questons, what is the corporation's adjustad basis in the land received in the exchange

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