Mark receives a liquidating distribution from Arosa Corporation

as part of a redemption of all of its stock. Mark's basis for his

Arosa stock is $$10,000.$ In exchange for his stock, Mark receives

property with a $$14,000$ basis and a $$25,000$ fair market value that

is subject to a $$12,000$ mortgage.$$What is Mark's

recognized gain?$$Using the above$$ information,$$

Arosa Corporation$$s recognized gain or loss would be