Marie and Ethan form Roundtree Corporation with the transfer of the following. Marie performs personal services for the corporation with a fair market value of $139, 200 in exchange for 400 shares of stock. Ethan contributes an installment note receivable (basis $25,000); fair market value $30,000), land (basis $50,000; fair market value $170,000), and inventory (basis $285, 440; fair market value $356, 800) in exchange for 1, 600 shares. Marie and Ethan form Roundtree Corporation with the transfer of the following. Marie performs personal services for the corporation with a fair market value of $139, 200 in exchange for 400 shares of stock. Ethan contributes an installment note receivable (basis $25,000); fair market value $30,000), land (basis $50,000; fair market value $170,000), and inventory (basis $285, 440; fair market value $356, 800) in exchange for 1, 600 shares