In the current year, Pearl Corporation has $30,000 of current and accumulated E&P. On June 3, Pearl Corporation distributes a parcel of land (a capital asset) worth $120,000 to Betty, a shareholder. The land has a $70,000 adjusted basis to Pearl Corporation and is subject to a $16,000 mortgage, which Betty assumes. Bettys basis in her Pearl Corporation stock is $10,000 (Ignore any tax effects on E&P).

What is Betty's holding period in the land?