Alpha Corporation distributes land held for investment with a FMV of 550,000 and a basis of 325,000 and Alpha transfers a mortgage attached to the land of 100,000. to its sole shareholder Jane. Alpha Corporations accumulated E&P is 450,000 and its Current E&P before the distribution is 200,000. What are the tax consequences to Jane (amount and type of income and basis of the land)? What are the tax consequences to Alpha Corp (gain or loss and effect on E&P)?