LD Question 39 2 pts Iquestion 1 of 2) Isaac and Helene formed Honeysuckle Co. on August 1. Isaac contributed cash of $400,000 in return for 50 percent of the Honeysuckle's stock. Helene contributed a building and land in return for 50 percent of the corporation's stock. The building had a fair market value of $180,000 and an adjusted basis (to Helene) of $120,000. The land had a fair market value of $270,000 and an adjusted basis (to Helene) of $80,000. In addition to stock. Honeysuckle paid Helene $50,000 in cash. What is Helene's basis in the stock received? O $150,000 O $400,000 $200,000 OSO D Question 40 2 pts (question 2 of 2] Isaac and Helene formed Honeysuckle Co. on August 1. Isaac contributed cash of $400,000 in return for 50 percent of the Honeysuckle's stock. Helene contributed a building and land in return for 50 percent of the corporation's stock. The building had a fair market value of $180,000 and an adjusted basis (to Helene) of $120,000. The land had a fair market value of $270,000 and an adjusted basis (to Helene) of $80.000. In addition to stock. Honeysuckle paid Helene $50,000 in cash What is Honeysuckle's basis in the land contributed by Helene? O $80,000 $270,000 $105.000 O $110.000 2 nts