Martin Corporation adopts a plan of complete liquidation. Two months later Martin sells its main asset, a motel, in which it has a basis of \(\$ 300,000\), for \(\$ 800,000\) to an unrelated partnership. Martin received a \(\$ 200,000\) down payment and a mortgage note payable in installments of \(\$ 10,000\) a month for 5 years plus 6 percent interest on the remaining balance. Martin Corporation uses its existing cash to pay the tax and distributes the \(\$ 200,000\) cash from the sale, and the note to its only shareholder, Laura, who has a basis of \(\$ 30,000\) for her stock. If there is no recapture, what are the tax consequences to Martin Corporation and to Laura?