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 $357 (c) problem so $357 (b) controls b. No $357 (b) or 357(c) problems c. $357(c) problem d. $357 (b) problem e. $357( b) and 357 (c) problem so 357(c) controls