*********ALL OF THE NUMBERS ENTERED ABOVE ARE INCORRECT. PLEASE HELP FIGURE OUT WHAT ARE THE CORRECT NUMBERS************

*********ALL OF THE NUMBERS ENTERED ABOVE ARE INCORRECT. PLEASE HELP FIGURE OUT WHAT ARE THE CORRECT NUMBERS************

*********ALL OF THE NUMBERS ENTERED ABOVE ARE INCORRECT. PLEASE HELP FIGURE OUT WHAT ARE THE CORRECT NUMBERS************

*********ALL OF THE NUMBERS ENTERED ABOVE ARE INCORRECT. PLEASE HELP FIGURE OUT WHAT ARE THE CORRECT NUMBERS************

*********ALL OF THE NUMBERS ENTERED ABOVE ARE INCORRECT. PLEASE HELP FIGURE OUT WHAT ARE THE CORRECT NUMBERS************

[The following information applies to the questions displayed below.] Ramona and Hermione formed Wiley Corporation on January 2. Ramona contributed cash of $210,000 in return for 50 percent of the corporation's stock. Hermione contributed a building and land with the following fair market values and adjusted tax bases in return for 50 percent of the corporation's stock: To equalize the exchange, Wiley Corporation paid Hermione $52,500 in addition to her stock. What amount of gain or loss does Ramona realize on the formation of the corporation? What amount, if any, does Ramona ecognize? ote: Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign. g. Assume Hermione's adjusted tax basis in the land was $210,000. What adjusted tax basis does Wiley Corporation take in the land and building received from Hermione? Note: Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign. f. Assume Hermione's adjusted tax basis in the land was $210,000. What amount of gain or loss does Hermione realize on the formation of the corporation? What amount, if any, does she recognize? Note: Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign. e. What adjusted tax basis does Wiley Corporation take in the land and building received from Hermione? Note: Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign. h. Assume Hermione's adjusted tax basis in the land was $262,500. What amount of gain or loss does Hermione realize on the formation of the corporation? What amount, if any, does she recognize? Note: Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign. i. Assume Hermione's adjusted tax basis in the land was $262,500. What adjusted tax basis does Wiley Corporation take in the land and building received from Hermione? Note: Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign. Answer is complete but not entirely correct. c. What amount of gain or loss does Hermione realize on the formation of the corporation? What amount, if any, does she recognize? Note: Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign