D Question 48 (question 5 of 8) 2 pts On November 1, 2019. Andrea, Dorian, Erin, and Femand form Camphor Inc. as follows: Shareholder Contribution to Corporation FMV Basis to Shareholder Shares Other Property Received (by Stock Ree'd (by shareholder) Shareholder) Land $30,000 $12,000 Andrea Building $70,000 $38,000 4002 (debt relief-see footnote 1) Mortgage (see footnote 1) (see footnote 1) Dorian Equipment $40,000 $25,000 300 $10,000 cash Erin Truck $10.000 $15,000 50 $5.000 cash Fernand Accounting Services $10,000 $0 100 None The mortgage is $60,000 and was obtained to purchase the land and the building. 2 Hint: the FMV of the stock is $100 per share. What is Erin's basis in the stock received? (assume no election is made to reflect any deferred loss in the basis of property contributed to Camphor) O $15.000 O $10,000 SO O $5.000