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:
Perineum
The region of the body between the pubic symphysis and the coccyx in both sexes, separating the genital region from the anal area.
Mammary Glands
Specialized organs in mammals that produce milk to nourish newborns, located in the breasts in human females.
Alveoli
Tiny air sacs within the lungs where gas exchange between air and blood occurs, essential for respiratory function.
Lactiferous Ducts
A network of milk-carrying ducts within the breasts that transport milk from the mammary glands to the nipple.
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