Osprey Corporation stock is owned by Pedro and Pittro, who are unrelated. Pedro and Pittro each own $50\%$ of the stock in the corporation. Osprey has the following assets $($none of which were acquired in a $351$ or contribution to capital transaction$)$ that are distributed in complete liquidation of the corporation.

$\backslash$table$[[,\backslash$table$[[$Adjusted$],[$Basis$]],\backslash$table$[[$Fair Market$],[$Value$]]],[$Cash$,$$$515,000,$$$515,000$