! Required information [The following information applies to the questions displayed below.] Ivan 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 basis: Inventory Building Land Total Adjusted Tax Basis FMV $ 17,800 85,500 71,500 $ 28,500 54,000 $ 174,800 $ 131,500 49,000 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 Ivan. The transaction met the requirements to be tax-deferred under 351. a. What amount of gain or loss does Ivan realize on the transfer of the property to his corporation? (Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.) Gain or loss realized