Jane transfers property (basis of $180,000 and fair market value of $550,000 ) to Green Corporation for 80% of its stock (worth $425,000 ) and a long-term note (worth $75,000 ) executed by Green Corporation and made payable to Jane. As a result of the transfer: Jane recognizes a gain of $270,000. Jane recognizes a gain of $320,000. Jane recognizes a gain of $75,000. Jane recognizes no gain