Eva contributes and capital asset) with a fair market value of $400.000 and a tax basis of $600,000 for 300 shares of EJ Corp. and a note for $100,000 Josie contributes a warehouse with a fair market value of $800,000 and a tax basis of $200,000. The warehouse is subject to a mortgage of $500.000 which is assumed by El Corp. Josie receives 300 shares of EJ Corp What tax basis does El Corp have in the land and warehouse? O A Land $400,000 and warehouse $200,000 8. Land $400,000 and warehouse $500,000 OC Land $600,000 and warehouse $200,000 OD. Land 5600,000 and warehouse $ 500,000 Eva contributes and capital asset) with a fair market value of $400.000 and a tax basis of $600,000 for 300 shares of EJ Corp. and a note for $100,000 Josie contributes a warehouse with a fair market value of $800,000 and a tax basis of $200,000. The warehouse is subject to a mortgage of $500.000 which is assumed by El Corp. Josie receives 300 shares of EJ Corp What tax basis does El Corp have in the land and warehouse? O A Land $400,000 and warehouse $200,000 8. Land $400,000 and warehouse $500,000 OC Land $600,000 and warehouse $200,000 OD. Land 5600,000 and warehouse $ 500,000