Global Corporation distributed property with an $405, 500 fair market value and a $223, 025 adjusted basis to Kang, one of its shareholders. The property was subject to a $122, 664 mortgage, which Kang assumed. Global's accumulated E & P totals $3,000,000. What is the amount of Kang's gross dividend income on the distribution? $ What is Kang's basis in the property received? $