Exercise 20-21 (Algorithmic) (20,2) Blush Corporation owns long-term bonds (basis of $1,725,000 ) of its subsidiary, Brass Corporation, that were acquired at a discount. Upon liquidation of Brass pursuant to 5332 , Blush receives a distribution of $2,070,000, the face amount of the bonds. Determine Blush Corporation's recognized gain or loss on the distribution. Blush has a recognized