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 Adjusted Basis FMV Inventory $ 88,00 44,00e 660,e00 Land 1,612,8881,320,008 Total $1,76e,ee0 $1,884,8 Building 440,000 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 $1,660,000. The transaction met the requirements to be tax- deferred under S351. (Negative amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.) in the exchange was S1660000 Tmenusnse Leave no answe blank. nter zero Assume the corporation assumed a mortgage of $1,860,000 attached to the building and land. Assume the fair market value of the building is now $1,100,000 and the fair market value of the land is $2,332,000. The fair market value of the stock remains $1,660,000 s now $100,00 and the ar moase s86000 nds 2,000 e aremdaiand a e. How much, if any, gain or loss does Zhang recognize on the exchange assuming the revised facts