Ivan incorporated his sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporations stock. The property transferred to the corporation had the following fair market values and adjusted bases:

	FMV			Adjusted Basis
Inventory	$	17,900		$	25,500
Building		59,000			44,250
Land		61,250			40,750
Total	$	138,150		$	110,500

The fair market value of the corporations stock received in the exchange equaled the fair market value of the assets transferred to the corporation by Ivan. The transaction met the requirements to be tax-deferred under 351.

d. What is the corporations adjusted basis in each of the assets received in the exchange? (Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.)

	Inventory	Building	Land
Adjusted basis