HW Problem $4$

Black Corporation is owned by Sam Knight and Susan Day $($who are unrelated to each other$).$ Sam owns $80\%$ and Susan owns $20\%$ of the stock in Black corporation. Back in $2007,$ Sam paid $$45,000$ for his stock, and Susan paid $$15,000$ for her stock. The following assets were distributed to Sam and Susan in complete liquidation of Black Corporation.

$\backslash$table$[[,$Adjusted Basis,Fair Market Value$],[$Cash$,$$$300,000,$$$300,000$