During its inception, devon company purchased land for $100,000 and a building for $180,000. after exactly 3 years, it transferred these assets and cash of $50,000 to a newly created subsidiary, regan company, in exchange for 15,000 shares of regan's $10 par value stock. devon uses straight-line depreciation. useful life for the building is 30 years, with zero residual value. an appraisal revealed that the building has a fair value of $200,000.based on the information provided, at the time of the transfer, regan company should record: