Help Save & Exit Submit Check my work (The following information applies to the questions displayed belowj ng incorporated her sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following fair market values and adjusted bases: Zha Part 7 of 7 Adjusted FMV Basis Inventory 73,500 36,750 Building 130,000 102,000 221,250 294,000 Total $424,750 $432,750 12 points eBook The corporation also assumed a mortgage of $102,000 attached to the building and land. The fair market value of the corporation's stock received in the exchange was $322,750. The transaction met the requirements to be tax-deferred under 5351 (Negative amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.) Print References Assume the corporation assumed a mortgage of $412,250 attached to the building and land. Assume the fair market value of the building is now $220,.500 and the fair market value of the land is $588,000. The fair market value of the stock remains $322,750 g. What is the corporation's adjusted basis in each of the assets received in the exchange? (Do not round intermediate calculations.) Inventory Building Land Adjusted basis 38,507 S