Exercise 20-22 (Algorithmic) (LO. 2) Goose Corporation has a basis of $7,298,500 in the stock of Swift Corporation, a wholly owned subsidiary acquired 30 years ago. Goose liquidates Swift Corporation and receives assets that are worth $5,838,800 and have a basis to Swift of $5,108,950. If an amount is zero or there is no gain or loss, enter "0". a. Determine Goose Corporation's recognized gain or loss on the liquidation. Goose recognizes of $ As a result, Goose's basis in the Swift stock is now $ b. Determine Goose Corporation's basis in the assets received in liquidation. basis of $ in the assets received in liquidation. Goose Corporation has a stepped-up stepped-down carryover