Ashley transfers property with a tax basis of $6,520 and a fair market value of $3,720 to a corporation in exchange for stock with a fair market value of $2,800 and $360 in cash in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $560 on the property transferred. What is Ashley's tax basis in the stock received in the exchange? Multiple Choice 1 0 $6,520 0 $5,600 0 0 $3,720 0 $2,800