Carla incorporated her sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following fair market values and adjusted bases: Adjusted FMV Basis Inventory Building Land Total 35,750 10,100 53,000 106,500 291750 375,000 $480,500 $491,600 The corporation also assumed a mortgage of $159,750 attached to the building and land. The fair market value of the corporation's stock received in the exchange was $320,750. (Negative amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.) 4. Required information 1.00 points a. What amount of gain or loss does Carla realize on the transfer of the property to the corporation? Amount realized