Francine incorporated her sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following fair market values and tax-adjusted bases. FMV Adjusted basis Inventory $ 44,250 $ 18,800 Building 142,750 100,000 Land 98,500 150,750 Total $ 285,500 $ 269,550 The corporation also assumed a mortgage of $69,750 attached to the building and land. The fair market value of the corporation's stock received in the exchange was $215,750. a. What amount of gain or loss does Francine realize on the transfer of the property to her corporation