Celeste transferred $100$ percent of her stock in Supply Chain Company to Marketing Corporation in a Type A merger. In exchange, she received stock in Marketing with a fair market value of $$620,000$ plus $$620,000$ in cash. Celeste's tax basis in the Supply Chain stock was $$1,300,000.$ What amount of loss does Celeste recognize in the exchange and what is her basis in the Marketing stock she receives?