Garfield Corporation makes a property distribution to its sole shareholder, George. The property distributed is a house (fair market value of $189,000; basis of $145,000) that is subject to a $245,000 mortgage that George assumes. Before considering the consequences of the distribution, Garfield's current E & P is $25,000 and its accumulated E & P is $130,000. Garfield makes no other distributions during the current year. What is Garfield's taxable gain on the distribution of the house? (Format your answer to include dollar signs and commas - do not include decimals. Example $9,999,999)