Citron enters into a Type C restructuring with Ecru. Ecru transfers $500,000 of its voting stock for Citron's $700,000 assets (basis $350,000) and $200,000 liabilities. Citron retains one asset, land, which it distributes to its sole individual shareholder, Electra. The land is valued at $80,000, and its basis is $50,000. Electra's basis in her Citron stock is $600,000. Complete each statement below that outlines the income tax consequences for Citron, Ecru, and Electra. , including Ecru's basis in the assets it receives from Citron and Electra's basis in the Ecru stock she receives. Assume the transaction meets the 368 requirements for a "Type C" reorganization. If an amount is zero, enter "0" and select "gain or loss" from the dropdown. A. Citron: Recognizes $______ gain on the land distributed to Electra. B.Ecru: Recognizes zero gain or loss on the transfer of voting stock for Citron's assets. Ecru's basis in the assets received from Citron is $_____ . C. Electra: Recognizes zero of her gain or loss. Electra 's basis in the new stock is $______