Ramon incorporated his 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 tax bases:FMVAdjusted Tax BasisInventory$ $10,000$$ $4,000$Building$50,00030,000$Land$100,00050,000$Total$ $160,000$$ $84,000$The fair market value of the corporation's stock received in the exchange equaled the fair market value of the assets transferred to the corporation by Ramon. a$.$ What amount of gain or loss does Ramon realize on the transfer of the property to his corporation?b$.$ b$.$ What amount of gain or loss does Ramon recognize on the transfer of the property to his corporation?c$.$ What is Ramon's basis in the stock received in the new corporation?