Assume there is no mortgage on the land, market value is $200 and the basis of the land is S60. The corporation borrows $5 from a bank and gives the $5 to W along with 100% of the stock in exchange...

Extracted text: Assume there is no mortgage on the land, market value is $200 and the basis of the land is S60. The corporation borrows $5 from a bank and gives the $5 to W along with 100% of the stock in exchange for the land. A.) What is the fair market value of the stock? (Think of the balance sheet, what are the assets and the liabilities?)