26. LO.5 Laurie Gladin owns land and a building that she has been using in her sole proprietorship. She is going to incorporate her sole proprietorship as a C corporation. Laurie must decide whether to contribute the land and building to the corporation or to lease them to the corporation. The net income of the sole proprietorship for the past five years has averaged $250,000. Advise Laurie on the tax consequences. Summarize your analysis in a memo for the tax research file.