Same facts as in $3$ except that the land was contributed two years ago. At the time of contribution, land had an A $/$ B of $$720,000$ and FMV of $$620,000.$ The value has declined to $$500,000$ at the time of the distribution. What is the amount of the realized and recognized loss in the following independent situations: $($Both $336($d$)(1)$ and $($d$)(2)$ may apply.$)$ a$.$ All the land is distributed to Maria. D$.$ All the land is distributed to Paul.