Question 50 Iquestion 7 of 8) 2 pts 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 50 $5,000 cash Fernand Accounting Services $10,000 $0 100 None 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. What is Camphor's basis in the truck contributed by Erin? (again, assume no election is made to reflect any deferred loss in the basis of property contributed to Camphor) 4 O $15.000 $5,000 $10.000