Amy and Brian were investigating the acquisition of a tax accounting business, Bottom Line Inc. (BLI). As part of their discussions with the sole shareholder of the corporation, Ernesto Young, they examined the company's tax accounting balance sheet. The relevant information is summarized as follows: FMV Adjusted Basis Appreciation Cash $ 16,750 $ 16,750 Receivables 24,400 24,400 Building 137,500 68,750 68,750 Land 276,000 92,000 184,000 Total $ 454,650 $ 201,900 $ 252,750 Payables $ 27,900 $ 27,900 Mortgage* 184,500 184,500 Total $ 212,400 $ 212,400 * The mortgage is attached to the building and land. Ernesto was asking for $448,500 for the company. His tax basis in the BLI stock was $186,000. Included in the sales price was an unrecognized customer list valued at $112,000. The unallocated portion of the purchase price ($94,250) will be recorded as goodwill. (Negative amounts should be indicated by a minus sign.) a. What amount of gain or loss does BLI recognize if the transaction is structured as a direct asset sale to Amy and Brian? What amount of corporate-level tax does BLI pay as a result of the transaction?