Exercise 6-32 (Algorithmic) (L0, 4) Osproy Corporation stock is owned by Pedro and Pitro, aho ore unreiated. Pedro and Patro each own .50w of the stock in the cecperatian Orprey has the following assets (none of which were acquired in a 5351 or contribution to capital transaction) that are distributed in complete licuidation of the cerpsration. Assume that Osprey Corporation dittritules the iand to Pedro and the cabh and equipmant to Pittro. a. Determise Ospery recognized gain or low on the distrbution of land. Oppey recognizes a on the distribution of the land b. Determine Ospreys recognized gain or loss on the distribution of the equipment. oiprer realues a of 1 on the equipment, of nhich 1 in recoghited