Zhang incorporated her sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporations stock. The property transferred to the corporation had the following fair market values and adjusted bases:

	FMV			Adjusted Basis
Inventory	$	20,000		$	10,000
Building		150,000			100,000
Land		230,000			300,000
Total	$	400,000		$	410,000

The corporation also assumed a mortgage of $100,000 attached to the building and land. The fair market value of the corporations stock received in the exchange was $300,000. The transaction met the requirements to be tax-deferred under 351.

b. What is Zhangs tax basis in the stock she receives in the exchange?