In a qualifying reorganization, Cato Corporation exchanges $$4,510,000$ worth of stock and property valued at $$1,804,000($ $$902,000$ basis$)$

for all of Firestar Corporation's assets, which have a value of $$6,314,000$ and a $$1,262,800$ basis. Firestar distributes the property received

from Cato. The exchange meets all Code requirements.

If an amount is zero, enter $"0".$

a$.$ What is Cato's recognized gain$/$loss from the reorganization?

Cato recognizes

of $

b$.$ What is Firestar's recognized gain$/$loss from the reorganization?

Firestar recognizes