Module 8 Chapter 19 Homework Saved Required information The following information apples to the questions displayed below points Ramon incorporated his 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 adjusted bases 02:19.24 Adjusted Basis FMV Inventory Building Land Total $ 10,0e9 4,990 , 50,890 $160,ee0 84,8e0 cBook 50,eee 100,8830 Hint The fair market value of the corporation's stock receed in the exchange equaled the fair market value of the assets transferred to the corporation by Ramon. (Leave no answer blank. Enter zero if applicable. Negative amounts should be indicated by a minus sign.) Print a. What amount of gain or loss does Ramon realize on the transfer of the property to his corporation? Gain or loss realized