In anticipation of the major decision that the owners must soon make, Two Sisters Enterprises, Inc. had all its assets appraised. The Balance Sheet at the date of the very recent appraisal with the corresponding appraisals of the market value of all its assets is as follows: Assets Adjusted Tax Basis Fair Market Value Cash $350,000 $350,000 Accounts Receivable 70,000 60,000 Inventory (LIFO Basis) * 180,000 360,000 Equipment 190,000 150,000 Investments (Marketable Securities) 250,000 370,000 Land (Used in The Business) 90,000 80,000 Building 270,000 190,000 Total Assets $1,400,000 $1,560,000 ** Liabilities And Stockholders' Equity Accounts Payable $ 70,000 Note Payable 100,000 Mortgage on Building 130,000 Total Liabilities 300,000 Total Stockholders' Equity 1,100,000 Total Liabilities and Stockholder's Equity $1,400,000 * - The FIFO Method Basis of the Inventory would be $240,000. ** - The appraisal of the entire business was $1,900,000. Calculate federal income Tax consequences?