Rachelle transfers property with a tax basis of $890 and a fair market value of $1,190 to a corporation in exchange for stock with a fair market value of $800 and $116 in cash in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $274 on the property transferred. What is the corporation's taxbasis in the property received in the exchange? Multiple Choice O $1190 O $1,006 O $890 $800