Amy transfers property with a tax basis of $1,375 and a fair market value of $1,035 to a corporation in exchange for stock with a fair market value of $745 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $290 on the property transferred. What is Amy's tax basis in the stock received in the exchange? Multiple Choice O $1,375 O $1.085 $985 O O $745