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Eva contributes and capital asset) with a fair market value of $400,000 and a tax basis of $800,000 for 300 shares of EJ Corp. and

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Eva contributes and capital asset) with a fair market value of $400,000 and a tax basis of $800,000 for 300 shares of EJ Corp. and a note for S100,000. 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 asumed by EJ Corp, Josie ronives 300 shares of Corp. What tax bass does EJ Corp have in the land and warehouse O A Land $800,000 and warehouse $ 500.000 On Land 5400,000 and warehouse $200,000 OC Land $400,000 and warehouse $500,000 OD. Land $100.000 and warehouse $200.000

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