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 bases: Inventory Building Land FMV $ 84,000 630,000 966,000 $1,680,000 Adjusted Basis $ 42,000 420,000 1,260,000 $1,722,000 Total 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 $1,580,000. The transaction met the requirements to be tax- deferred under $351. (Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.) Assume the corporation assumed a mortgage of $1,780,000 attached to the building and land. Assume the fair market value of the building is now $1,050,000 and the fair market value of the land is $2,226,000. The fair market value of the stock remains $1,580,000. e. How much, if any, gain or loss does Zhang recognize on the exchange assuming the revised facts? Gain or loss recognized Assume the corporation assumed a mortgage of $1,780,000 attached to the building and land. Assume the fair market value of the building is now $1,050,000 and the fair market value of the land is $2,226,000. The fair market value of the stock remains $1,580,000. f. What is Zhang's tax basis in the stock she receives in the exchange? Tax basis Assume the corporation assumed a mortgage of $1,780,000 attached to the building and land. Assume the fair market value of the building is now $1,050,000 and the fair market value of the land is $2,226,000. The fair market value of the stock remains $1,580,000. g. What is the corporation's adjusted basis in each of the assets received in the exchange? (Do not round intermediate calculations.) Inventory Building Land Adjusted basis