Goose Corporation has a basis of $2,400,000 in the stock of Swift Corporation, a wholly owned subsidiary acquired 30 years ago. Goose liquidates Swift Corporation and receives assets that are worth $2,000,000 and have a basis to Swift of $1,700,000.

If an amount is zero or there is no gain or loss, enter "0".

a. Determine Goose Corporations recognized gain or loss on the liquidation. Goose recognizes no gain or loss of $. As a result, Gooses basis in the Swift stock is now $____________.

b. Determine Goose Corporations basis in the assets received in liquidation. Goose Corporation has a carryover basis of $______________ in the assets received in liquidation.