Ron and Hermione formed Wizard Corporation on January 2. Ron contributed cash of $380,000 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 $216,000 324,000 $540,000 Tax- Adjusted Basis $ 54,000 216,000 $ 270,000 To equalize the exchange, Wizard Corporation paid Hermione $160,000 in addition to her stock. Assume Hermione's adjusted basis in the land was $540,000. i. 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 Adjusted basis