Global Corporation distributed property with an $416,500 fair market value and a $229,075 adjusted basis to one of its shareholders. The property was subject to a $125,991 mortgage, which the shareholder assumed. Global has ample E & P to cover any distribution made during the year.

What is the amount of the shareholder's dividend income on the distribution? $___________

What is the shareholder's basis in the property received? $___________