! Required information [The following information applies to the questions displayed below.] Zhang incorporated her 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: Inventory Building Land Total FMV $ 24,000 180,000 276,000 $ 480,000 Adjusted Tax Basis $ 12,000 120,000 360,000 $ 492,000 The corporation also assumed a mortgage of $100,000 attached to the building and land. The fair market value of the corporation's stock received in the exchange was $380,000. The transaction met the requirements to be tax-deferred under 351. (Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.) Assume the corporation assumed a mortgage of $580,000 attached to the building and land. Assume the fair market value of the building is now $300,000 and the fair market value of the land is $636,000. The fair market value of the stock remains $380,000. g. What is the corporation's adjusted tax basis in each of the assets received in the exchange? (Do not round intermediate calculations.) Inventory Building Land Adjusted basis