Johanne transferred investment property to S&J Corporation in exchange for 60 percent of the S&J Corporation stock (60 shares valued at $115,000). The property's fair market value was $190,000 and its adjusted tax basis to Johanne was $60,000. The investment property was subject to a $75,000 mortgage that S&J Corporation assumed on the transfer (not treated as boot). Note: Leave no answer blank. Enter zero if applicable. f. Assume the original facts except that the liability assumed by S&J Corporation would give rise to a deduction when paid. What is Johanne's basis in the S&J stock received in the exchange? Johanne's adjusted basis in the S&J stock