During the current year, Ecru Corporation is liquidated and distributes its only asset, land, to Kena, the sole shareholder. On the date of distribution, the land has a basis of $$450,000,$ a fair market value of $$400,000,$ and is subject to a liability of $$500,000.$ Kena, who takes the land subject to the liability, has a basis of $$120,000$ in the Ecru stock. What are the tax consequences to Kena and Ecru?