Assume that in the first step of the reorganization, Auto Corp. will exchange $6,036,641 worth of Auto Corp. stock plus land with a fair market value of $3,427,334. Auto Corp.'s land had a basis of $388,910 prior to the exchange. Battery Corp.'s assets had a basis of $1,668,128 prior to the exchange. Assume that in the second step of the reorganization, Battery Corp. will distribute the $6,036,641 in Auto Corp. stock plus the land that it just acquired from Auto Corp. to Battery Corp.'s sole shareholder, Sydney, in exchange for all of Sydney's shares of Battery Corp. Prior to the exchange, Sydney's basis in her shares of Battery Corp. stock was $8,769,955. Sydney will now be a shareholder of Auto Corp. instead of Battery Corp. What amount of gain/loss will Sydney recognize as a result of the reorganization? (And yes, I know this question looks identical to the previous question; the values are different though)