Determine the tax basis of the business asset acquired in each of the following cases: Required: a. Firm L paid $7,800 cash plus $546 sales tax plus a $525 installation charge for a satellite dish. b. TTP, Incorporated acquired inventory in exchange for 830 shares of TTP common stock listed on Nasdaq at $367 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 their hourly billing rate is $700. d. Company C purchased equipment by paying $3,640 cash at date of purchase and financing the $21,550 balance of the price under a three-year deferred payment plan