Problem 15-48 (LO 15-2) Determine the basis of the property contributed in the hands of the corporation in each instance. Assume that the 80% rule is met in all cases. Required: a. Contribution of property with a basis of $1,000 and an FMV of $1,400. b. Contribution of property with a basis of $3,000 and an FMV of $3,800. The stockholder also received $500 cash from the corporation as part of the stock transaction. C. Contribution of property with a basis of $8,200 and an FMV of $12,500. The stockholder also received property with an FMV of $1,700 from the corporation as part of the stock transaction. d. Contribution of a building with an FMV of $200,000, a mortgage (assumed by the corporation) of $100,000, and a basis of $125,000. e. Contribution of a building with an FMV of $1,700,000, a mortgage (assumed by the corporation) of $1,000,000, and a basis of $635,000. Amount a. Corporation's basis in property b. Corporation's basis in property C. Corporation's basis in property d. Corporation's basis in property e. Corporation's basis in property