Carlos transfers property with a tax basis of $515 and a fair market value of $1,170 to a corporation in exchange for stock with a fair market value of $955 and $84 in cash in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $131 on the property transferred. What is the corporation's tax basis in the property received in the exchange? Multiple Choice 0 $1,170 0 $871 0 $599 0 $468