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 $ 51,750 $ 17,500 Building 151,500 115,500 Land 57,500 107,250 Total $ 260,750 $ 240,250 The corporation also assumed a mortgage of $69,000 attached to the building and land. The fair market value of the corporation's stock received in the exchange was $191,750. a. What amount of gain or loss does Francine realize on the transfer of the property to her corporation