Ron and Hermione formed Wizard Corporation on January 2. Ron contributed cash of $260,000 in return for 50 percent of the corporation's stock. Hermione contributed a building and land with the following fair market values and adjusted tax bases in return for 50 percent of the corporation's stock: (Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign.) Building Land Total FMV $ 97,500 227,500 Adjusted Tax Basis $ 26,000 104,000 $ 325,000 $ 130,000 To equalize the exchange, Wizard Corporation paid Hermione $65,000 in addition to her stock. d. What is Hermione's tax basis in the stock she receives in return for her contribution of property to the corporation? Tax basis