Franklin transfers property with an adjusted basis of $50,00…

Franklin transfers property with an adjusted basis of $50,000 and a fair market value of $100,000 to Roosevelt Corporation in exchange for stock with a fair market value of $55,000 and $30,000 cash in a transaction that qualifies for deferral under §351. The corporation assumed a liability of $15,000 on the property transferred. What is Franklin’s basis in the stock received in the exchange?