Courtney Vile and Kurt Barnett form Radical Inc. Courtney contributes a building with a $120,000 adjusted basis, with a $150,000 fair market value, and subject to a $100,000 mortgage in exchange for 50 shares of Radical worth $50,000. Kurt contributes inventory that has a $55,000 adjusted basis and a fair market value of $50,000 in exchange for 50 shares of Radical. What are the tax consequences to Courtney and Kurt? What basis will Radical have in the property received?