Required information Problem $8-57($LO $8-4)($Algo$)[$The following information applies to the questions displayed below.$]$ Amy and Brian were investigating the acquisition of a tax accounting business, Bottom Line Incorporated $($BLI$).$ As part of their discussions with the sole shareholder of the corporation, Ernesto Young, they examined the company's tax accounting balance sheet. The relevant information is summarized as follows: $*$The mortgage is attached to the building and land. Ernesto was asking for $\backslash (\backslash$$ $470,900\backslash )$ for the company. His tax basis in the BLI stock was $\backslash (\backslash$$ $113,000\backslash ).$ Included in the sales price was an unrecognized customer list valued at $\backslash (\backslash$$ $174,000\backslash ).$ The unallocated portion of the purchase price $\backslash ((\backslash$$ $99,000)\backslash )$ will be recorded as goodwill. Note: Negative amounts should be indicated by a minus sign. Problem $8-57$ Part b $($Algo$)$

b$.$ What amount of gain or loss does Ernesto recognize if the transaction is structured as a direct asset sale to Amy and Brian, and BLI distributes the after$-$tax proceeds $[$computed in part $($a$)]$ to Ernesto in liquidation of his stock?