Question 44 2 pts Iquestion 1 of 8) On November 1, 2019. Andrea, Dorian, Erin, and Femand form Camphor Inc. as follows: Shareholder Contribution to Corporation FMV Basis to Shareholder # Shares Other Property Received (by Stock Rec'd (by shareholder) shareholder) Land $30,000 $12,000 Andrea Building $70,000 $38,000 4002 (debt relief-see footnote 1) Mortgage (see footnote 1) (see footnote 1) Dorian Equipment $40,000 $25.000 300 $10,000 cash Erin Truck $10,000 $15,000 SO $5,000 cash $ Fernand Accounting Services $10,000 $0 100 None 1 The mortgage is $60,000 and was obtained to purchase the land and the building. 2 Hint: the FMV of the stock is $100 per share. Does the transaction satisfy the requirements of Code Sec. 3512 No, the property requirement is not met No, the control requirement is not met Yes, the property, stock and control tests are met O No, the stock requirement is not met