Isabelle transfers property with a tax basis of $300 and a FMV of $400 to a corporation in exchange for stock with a FMV of $350 in a transaction that qualifies for deferral under Code Sec. 351. The corporation assumed a liability of $50 on the property transferred. (Assume the liability has a business purpose and that none of the debt is personal debt.) What is the corporation's tax basis in the property received in the exchange? Select one: O A. $250 OB. $300 OC. $150 OD. $200