Carla 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: - fmv tax-adjusted basis inventory $ 20,000 $ 10,000 building 150,000 100,000 land 250,000 300,000 total $ 420,000 $ 410,000 the corporation also assumed a mortgage of $120,000 attached to the building and land. the fair market value of the corporation’s stock received in the exchange was $300,000. (negative amounts should be indicated by a minus sign. leave no answer blank. enter zero if applicable.) a) what amount of gain or loss does carla realize on the transfer of the property to her corporation? b) what is carla's basis in the stock she receives in her corporation? c) would you advise carla to tranfer the building and land to the corporation? what tax benefits might she and the corporation receive if she kept the building and land and leased it to the corporation?