Green Corporation's assets are valued at $$1,498,500$ after payment of all corporate debts, except for $$224,775$ of taxes payable on net gains it recognized on the liquidation. Bruno, an individual and the sole shareholder of Green, has a basis of $$78,671$ in his stock.

Compute the gain or loss recognized by Bruno on the liquidation of Green Corporation.

Bruno has a recognized of $ as a result of the liquidation.