Mustang Company was completely liquidated. In the exchange for its 80 percent interest, Bronco Corporation received and with a for market value of $500.000 Bronco's tax basis in the Mustang stock was $200,000. The land had a tax basis to Mustang Company of $100,000. What amount of gain does Bronco recognize in the exchange, if any, and what is its tax basis in the land it receives? Multiple Choice O No gain recognized and a basis in the land of $100.000 O O $300,000 guin recognized and a boss in the land of $500,000 O O O No gain recognized and a basis in the land of $500,000 0 $300000 guin recognized and a bus in the land of $100.000 O