Determine the basis of the property contributed in the hands of the corporation in each instance. Assume that the 80% rule is met in all cases.

1. Contribution of property with a basis of $2,000 and an FMV of $2,400.
2. Contribution of property with a basis of $5,000 and an FMV of $5,800. The stockholder also received $550 cash from the corporation as part of the stock transaction.
3. Contribution of property with a basis of $9,200 and an FMV of $14,500. The stockholder also received property with an FMV of $2,700 from the corporation as part of the stock transaction.
4. Contribution of a building with an FMV of $250,000, a mortgage (assumed by the corporation) of $150,000, and a basis of $225,000.
5. Contribution of a building with an FMV of $1,800,000, a mortgage (assumed by the corporation) of $1,100,000, and a basis of $685,000.