Basil, Inc, a C corporation makes an S election which is effective beginning January 1, 2018. Basil is a calendar year entity reporting as an accrual basis taxpayer. On January 1, 2018, Basil had the following property: Adjusted Tax Basis $200,000 SO Asset Cash Unrealized Receivables Real Property #1 Real Property #2 Total Fair Market Value $200,000 $115,000 $230,000 $520,000 $1,065,000 Built-In Gain $0 $0* $130,000 $170,000 $300,000 $100,000 $350,000 $650,000 *This is an accrual basis taxpayer so the revenue from the unrealized receivables was recognized when the business was a C corporation. Calculate the Built-In Gains Tax assuming the tax rate is 21%