• Pursuant to a complete liquidation, EB Corporation distributes the following assets to its unrelated shareholders: land held for three years as an investment $($basis of $$300$K$,$ fair market value of$$600$K$),$ inventory $($basis of $$100$K$,$ fair market value of $$80$K$),$ and marketablesecurities held for four years as an investment $($basis of $$200$K$,$ fair market value of$$240$K$).$ What are the tax consequences to EB Corporation as a result of the liquidation?