Rivendell Corporation uses the accrual method of accounting and has the following assets as of the end of 2021. Rivendell converted to an S corporation on January 1, 2022.

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\begin{tabular}{lrr} & \multicolumn{1}{c}{ Adjusted } \\ \multicolumn{1}{c}{ Asset } & \multicolumn{1}{c}{ Basis } & FMV \\ Cash & $ & $ \\ Accounts & 63,000 & 63,000 \\ receivable & 53,000 & 53,000 \\ Inventory & 164,500 & 71,500 \\ Land & 146,000 & 182,500 \\ \cline { 2 - 3 } & $ & $ \\ Totals & 426,500 & 370,000 \\ \hline \hline \end{tabular} What is Rivendell's net unrealized built-in gain at the time it converted to an S corporation? b. Assuming the land was valued at $292,000, what would be Rivendell's net unrealized gain at the time it converted to an S corporation? c. Assuming the land was valued at $182,500 but that the inventory was valued at $108,000, what would be Rivendell's net unrealized gain at the time it converted to an S corporation