44. Doug and Sally (unrelated individuals t and 40 percent respectivel own outstanding stock of Platt Cor consist of land (Sec. 1231 pro 1 property) was purchased in 2013 for $90,00 ow has current fair market value of $60,0 and other property that has a basis of $20.0 and a fair market value of $40,00, to a plan of complete liquidation, Plat Corporation distributes the land to Doug and the other property to Sally on July 23,2017 a. How much gain and loss does now has Platt Corporation recognize on the dating distributions? Can you offer liqui any suggestions that will improve the tax consequences of the liquidating distributions? How would your answers to part a change if the land had instead been contributed as a capital contribution by Doug in 2013 when the land had a basis of $90,000 and a fair value of $95,000 b