Required information [The following information applies to the questions displayed below.) Ron and Hermione formed Wizard Corporation on January 2. Ron contributed cash of $200,000 in return for 50 percent of the corporation's stock. Hermione contributed a building and land with the following fair market values and adjusted bases in return for 50 percent of the corporation's stock: Building Land Total FMV $ 75,000 175,000 $250,000 Tax- Adjusted Basis $ 20,000 80,000 $100,000 To equalize the exchange, Wizard Corporation paid Hermione $50,000 in addition to her stock. Assume Hermione's adjusted basis in the land was $200,000. g. What adjusted basis does Wizard Corporation take in the land and building received from Hermione? (Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign.) Land Building $ 35,000 Adjusted basis