Carl Corporation, an S Corporation, distributes a machine to Curtis, a majonity shareholder in Cart Corporation. The machine has an ecjusted besil of $60,000 and a Fair Market Value of $170,000. Carl Corporation recognizes a gain for the distritution of the machine of: $60,000. $160,000. $110,000. $0. QUESTION 27 Ruth owns a sixty-five percent (65\%) interest in the JR Partnership. Ruth sells Land that she inherited from her mother to the Partnership for $42,000. Ruth had an Adjusted Basis of $64,000 in the Land. Ruth's Recognized Loss for the sale of the Land is: $64,000. $42,000. 50. $22,000