Mary transfers a building (adjusted basis of $15,000 and fair market value of $90,000) to White Corporation. In return, Mary receives 80% of White Corporation's stock (worth $65.000) and an automobile (fair market value of 55.000). In addition there is an outstanding mortgage of $20.000 (taken out 15 years ago) on the building, which White Corporation assumes. With respect to this transaction: Mary's recognized gain is $10,000. Mary's recognized gain is $5,000. Mary has no recognized gain. White Corporation's basis in the building is $15,000