On January 1 of the current year, Broadbent Corporation owned 90 percent of the outstanding stock of Anchorage Corporation. Both companies were domestic corporations. Pursuant to a plan of liquidation adopted by Anchorage in March, Anchorage distributed all of its property in complete redemption of its stock. Anchorage's accumulated earnings and profits were $18,000 on the distribution date. Anchorage has never been insolvent. As part of the liquidation, Anchorage distributed to Broadbent a parcel of land with a basis of $10,000 and a fair market value of $40,000 in redemption of its stock. How much gain must Anchorage recognize on the transfer of this land to Broadbent?