MWC is a C corporation that uses the accrual method of accounting. MWC made an S election, effectiveJanuary, 1 of 2017. The following assets were owned by MWC on December 31, 2016. 
What is MWC's net unrealized built-in gain when it converts to an S corporation on January 1, 2017?
Definitions:
Linear Equations
Equations between two variables that produce a straight line when graphed.
Consistent
In the context of systems of equations, it refers to a system that has at least one set of solutions.
Inconsistent
Describes a system of equations that has no solution because the equations represent parallel lines which never meet.
Headwind
A wind that blows directly opposite to the forward movement of an object, such as an airplane or a runner, often slowing it down.
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