Tristan transfers property with a tax basis of $1,200 and a fair market value of $1,780 to a corporation in exchange for stock with a fair market value of $1,200 and $392 in cash in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $188 on the property transferred. What is the corporation's tax basis in the property received in the exchange? Multiple Choice 0 $1,780 $1,592 Oo oo $1,388 $1,200