Marcia is a 50 percent shareholder of Chevez Corp., which is in the process of liquidation. Marcias basis for her stock is $25,000. Chevezs balance sheet on the date of liquidation is a follows:

Assets	Basis	Value
Cash	$32,000	$32,000
100 shares of Public Co.	$20,000	$6,000
Accounts receivable	$200,000	$170,000
Land	$50,000	$300,000
Building (depreciated straight line)	$246,000	$500,000
Totals	$548,000	1,008,000
Equities		Value
Mortgage on real estate		$310,000
Unsecured liabilities		$182,000
Capital Stock		$10,000
Paid-in capital		$30,000
Earnings and profits		$16,000
Total		$548,000

If Maria receives her 50 percent share of all assets and liabilities, determine her gain and her basis in each asset received as a result of the liquidation. Assume that Chevezs tax rate is 21 percent but that no tax was paid by Chevez.