Mario receives a liquidating distribution of land with a fair market value of $19,000 and a basis of $15,000 from Blithe Corporation, an S corporation. Mario's basis in the stock is $21,000. What must Mario and Blithe report as income (loss) from the property distribution?

Mario Blithe

$ -0- $ -0-

$(2,000) $4,000

$(6,000) $ -0-

$(6,000) $4,000