Pick the best answer based on the following information: Harold transfers the following to a newly formed corporation: Land (basis of $50,000 and FMV of $100,000) Building (basis of $50,000 and FMV of $400,000) Accounts payable of $10,000 (for business supplies) Notes Payable 1 for building improvements of $85,000 a. $357(b) and 5357(c) problem so $357(b) controls O b.8357(b) problem O c. No 8357(b) or 5357(c) problems d. 9357(b) and 9357(c) problem so $357(c) controls e. 9357(c)