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An Scorporation with AEP has net ordinary income from sales of its products of $12,000. The obione pronts during the year to L. its sole

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An Scorporation with AEP has net ordinary income from sales of its products of $12,000. The obione pronts during the year to L. its sole owner, is land with a market value of $3,000 and as of $2.000. I will hold the land as an investment. At the beginning of the year, L's basis in the corporation stock was $7.500. L's basis in the stock, after all items are considered, is how much how your work

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