Question 7 1 pts Tristan transfers property with a tax basis of $1,245 and a fair market value of $1,750 to a corporation in exchange for stock with a fair market value of $1,245 and $399 in cash in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $106 on the property transferred. What is the corporation's tax basis in the property received in the exchange? $1,750 $1,644 $1,351 O $1,245