Q 4-6

Hello I need help with the assignment attached

Carla 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 adjusted bases: FMV Inventory$ 35,750 153,00 Building 0 291,75 Land 0 480,50 Total $ 0 Adjusted Basis $ 10,100 106,500 375,000 $ 491,600 The corporation also assumed a mortgage of $159,750 attached to the building and land. The fair market value of the corporation's stock received in the exchange was $320,750. a. What amount of gain or loss does Carla realize on the transfer of the property to the corporation? b. What amount of gain or loss does Carla recognize on the transfer of the property to the corporation? c. What is Carla's basis in the stock she receives in her corporation