Note: Please show detailed calculations and explanations. Answers without showing calculations/explanations, will not receive credit. Colly 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. The corporation also assumed a mortgage of $60,500 attached to the building and land. The fair market value of the corporation's stock received in the exchange was $194,500. a) What amount of gain or loss does Colly realize on the transfer of the property to her corporation? b) What amount of gain or loss does Colly recognize on the transfer of the property to her corporation? c) What is Colly's adjusted tax basis in the stock she receives in her corporation