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I can no longer post a question on cheggRamon incorporated his sole proprietorship by transferring inventory, a building, and land to the corporation in return

I can no longer post a question on cheggRamon incorporated his 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 tax bases:
The fair market value of the corporation's stock received in the exchange equaled the fair market value of the assets transferred to the
corporation by Ramon.
Note: Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign.
Required:
a. What amount of gain or loss does Ramon realize on the transfer of the property to his corporation?
b. What amount of gain or loss does Ramon recognize on the transfer of the property to his corporation?
c. What is Ramon's basis in the stock received in the new corporation?
ox Answer is complete but not entirely correct.
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