Cavalier Corporation is acquiring Hokie Corporation by exchanging 100,000 shares of Cavalier stock and $100,000 cash for all of Hokie's assets (valued at $800,000), liabilities ($350,000), and accumulated earnings and profits (positive $225,000). Susie purchased 40% of Hokie five years ago for $40,000, and Cameron purchased the remaining 60% for $120,000. Hokie distributed the Cavalier stock and cash pro rata to Susie and Cameron, and then liquidated. What is the amount of the gain or loss that Susie and Cameron recognize (if any), assuming that the exchange qualifies as a Type "A" Reorganization?

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