Alomar, a cash basis S corporation in Orlando, Florida, holds the following assets and fiabilities on January 1, 2019, the date the Selection is made. Adjusted Basis Fair Market Value $ 200.000 $ 200,000 Cash 105,000 0- Accounts receivable 100.000 110,000 Equipment 2,500,000 1.800,000 Land 110,000 0- Accounts payable During the year. Alomar collects the accounts receivable and pays the accounts payable. The land is sold for $3 million, and the taxable income for the year is $590,000. Calculate any built-in gains tax