Quinlan has ample E \& P to cover any distributions made during the year. One distribution made to a shareholder consists of property with an adjusted basis of $853,000 and a fair market value of $511,800. What are the tax consequences of this distribution to Quinlan? If an amount is zero, enter "O". As a result of the distribution, Quinlan Corporation has a realized of $ of which $ is recognized. The shareholder received property with a basis of $