In January of the current year, Wanda transferred machinery worth $200,000 (adjusted basis of $30,000) to a controlled corporation, Oriole, Inc. The transfer qualified under § 351. Wanda had deducted $165,000 of depreciation on the machinery while it was used in her proprietorship. Later during the year, Oriole sells the machinery for $190,000. What are the tax consequences to Wanda and to Oriole on the sale of the machinery?