Zhang incorporated her sole proprletorship by transferting 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 a mongage of $100,000 attached to the building and land. The fair market value of the corporation's stock recelved in the exchange was $1,420,000. The transaction met the requirements to be tax-deferred under 5351 Note: Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. Required: e. Assume the corporation assumed a mortgage of $1,620,000 attached to the building and land Assume the fair market value of the buliding is now $950,000 and the fair market value of the land is $2,014,000. The fair market value of the stock remains $1,420,000 How much, if any, gain or loss does Zhang recognize on the exchange assuming the revised facts? f. Assume the corporation assumed a mortgage of $1,620,000 attached to the builing and land: Assume the fairmarket value of the buliding is now $950,000 and the fair market value of the land is $2,014,000. The fair market value of the stock remains $1,420,000 What is Zhang's tax basis in the stock recelved in the exchange? 9. Assume the corporation assumed a mortgage of $1,620,000 attached to the bullding and land Assume the fair market value of the buiding is now $950,000 and the fair market value of the land is $2,014,000. The fair market value of the stock remains $1,420,000 What is the corporation's adjusted tax basis in each of the assets recelved in the exchange? Note: Do not round intermediate calculations