Fargo Corporation distributes property $($basis of $$1,194,400$ and fair market value of $$1,433,280)$ to a shareholder. Fargo Corporation has sufficient E & P for its distributions.What are the tax consequences of this distribution to Fargo?Fargo Corporation recognizes a $---$ of $$---.$ The net $---$ to Fargo's E&P is $$---.$ The shareholder has dividend income of $$---$