Problem $9-30($Algorithmic$)($LO$.5)$

Brutus Corporation transferred inventory $($basis of $$105,$ fair market value of $$315)$ and machinery used in a U$.$S$.$ factory $($adjusted basis of $$525,$ fair market value of $$788)$ to MapleLeaf, a newly formed corporation in Canada, in exchange for all of MapleLeaf's stock. Brutus previously deducted $$315$ of depreciation related to the machinery on its U$.$S$.$ tax return.

How much gain, if any, must Brutus recognize on the transfers of the property to MapleLeaf?

On the transfer of inventory: $

On the transfer of machinery: $