Julia incorporated her 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 tax-adjusted bases. FMV Adjusted basis Inventory $ 80,000 $ 40.000 Building 100,000 120,000 Land 200,000 150.000 Total 380,000 310,000 The corporation also assumed a mortgage of $350,000 attached to the building and land. The faur market value of the corporation's stock received in the exchange was $30,000. The transaction met the requirements to be tax-deferred under 5351 a. What amount of gain or loss does Julia realize on the transfer of the property to her corporation? b. What amount of gain or loss does Julia recognize on the transfer of the property to her corporation? C. What is Julia's basis in her stock? d. What is the corporation's adjusted basis in each of the assets received in the exchange