keegan incorporated his sole proprietorship by transferring inventory a building 382106

Keegan incorporated his sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100% of the corporations stock. The property transferred to the corporation had the following fair market values and tax adjusted bases. FMV: Inventory: $20,000 Building: $70,000 Land: $150,000 Total : $240,000 Tax Adjusted Basis: Inventory: $14,000 Building: $50,000 Land: $100,000 Total : $164,000 The fair market value of the corporations stock, received in the exchange equaled the fair market value of the assets transferred to the corporation by Keegan. What amount of gain or loss does Keegan realize on the transfer of the property to his corporation? Assuming the gain or loss realized above is deferred under Section 351, what is Keegans basis in the stock he receives in his corporation?