Note: use the following fact pattern for the next two questions. Tobias and Walter agree to go into business together selling antiques. According to the agreement, Tobias will contribute inventory valued at $45,000 in return for 90 percent of the stock in the corporation. Tobias' tax basis in the inventory is $20,000. Walter will receive 10 percent of the stock in return for providing accounting services to the corporation. [question 1 of 2] What amount of income is recognized by Walter? $4,500 $3,000 $5,000 $0 (no gain or loss)