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 $ 32,000 $ 16,000 Building 240,000 160,000 Land 368,000 480,000 Total $ 640,000 $ 656,000 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 $540,000. 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 $740,000 attached to the building and land. Assume the fair market value of the building is now $400,000 and the fair market value of the land is $848,000. The fair market value of the stock remains $540,000. e. How much, if any, gain or loss does Zhang recognize on the exchange assuming the revised facts