Determine the tax basis of the business asset acquired in each of the following cases: Required: a. Firm L pald $7,860 cash plus $393 sales tax plus a $730 Installation charge for a satellite dish. b. TTP Incorporated acquired Inventory In exchange for 910 shares of TTP common stock listed on Nasdaq at $310 per share on the date of exchange c. Firm Q acquired machinery in exchange for architectural drawings rendered by Firm's Q's Junior partner. The partner spent 20 hours on the drawings, and his hourly billing rate is $675. d. Company C purchased equipment by paying $2,040 cash at date of purchase and financing the $18,750 balance of the price under a three-year deferred payment plan. Amount a. Tax basis b. Tax basis c. Tax basis d. Tax basis