Problem $8-38($LO $8-2)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Carla incorporated her sole proprietorship by transferring inventory, a building, and land to the corporation in

$100$ percent of the corporation's stock. The property transferred to the corporation had the following fair mark

and adjusted tax bases:

The corporation also assumed a mortgage of $$138\mathrm{.}750$ attached to the building and land. The fair market value $0$

corporation's stock received in the exchange was $$401\mathrm{.}250$

Note: Negative amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.