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: The corporation also assumed o mortgage of $100,000 attached to the building and land. The fair market value of the corporation's stock received in the exchange was $300,000. Note: Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. . Suppose the corporation assumed a mortgage of $500,000 attached to the building and land. The fair market value of the building $250,000 and the fair market value of the land is $530,000. The fair market value of the stock remains $300,000. How much, if any, gain or loss does Zhang recognize on the exchange assuming the revised facts? Answer is complete but not entirely correct