Stacey, a cash-basis taxpayer, incorporated her CPA practice. No liabilities were transferred. The following assets were transferred to the corporation: Cash (checking account $500, Computer equipment: Adjusted basis $30,000, FMV $34,000, Original cost $40,000. Immediately after the transfer, Stacey owned 100% of the corporation's stock. What is the corporation's total basis for the transferred assets? Choices: $30,000, $30,500, $34,500, $40,500