Zhang incorporated her sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following fair market values and adjusted tax bases: Inventory Building Land FMV $ 60,000 450,000 690,000 Adjusted Tax Basis $ 30,000 300,000 900,000 Total $ 1,200,000 $ 1,230,000 The corporation also assumed a mortgage of $100,000 attached to the building and land. The fair market value of the corporation's stock received in the exchange was $1,100,000. The transaction met the requirements to be tax-deferred under $351. Note: Negative amount should be Indicated by a minus sign. Leave no answer blank. Enter zero If applicable. Required: g. Assume the corporation assumed a mortgage of $1,300,000 attached to the building and land. Assume the fair market value of the building is now $750,000 and the fair market value of the land is $1,590,000. The fair market value of the stock remains $1,100,000. What is the corporation's adjusted tax basis in each of the assets received in the exchange? Note: Do not round Intermediate calculations. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Required G Assume the corporation assumed a mortgage of $1,300,000 attached to the building and land. Assume the fair market value of the building is now $750,000 and the fair market value of the land is $1,590,000. The fair market value of the stock remains $1,100,000. What is the corporation's adjusted tax basis in each of the assets received in the exchange? Note: Do not round intermediate calculations. Inventory Building Land Adjusted basis < Required F Required G > Show less