As part of a qualified $,$ nonliquidating distribution, Verbena Corporation distributes the following assets to its unrelated shareholders : AB FMV land held for three years as an $300,000600,000$ investment inventory $100,00080,000$ marketable securities held for $200,000240,000$ four years as an investment $600,000920,000$ Each shareholder takes a proportional interest in all of the assets, including an undivided interest in the land. What are the tax consequences to Verbena Corporation as a result of the distributions $?$ gain or loss is recognized net $ $320,000$ gain net $ $340,000$ gain None of these.