Alomar, a cash basis S corporation in Orlando, Florida, holds the following assets and liabilities on January 1, 2015, the date the S election is made:

	Adjusted Basis	Fair Market Value
Cash	$200,000	$200,000
Accounts receivable	0	105,000
Equipment	110,000	100,000
Land	1,800,000	2,500,000
Accounts Payable	0	110,000

During 2015, 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 $900,000. Calculate any built-in gains tax.