Problem 20-33 (Algorithmic) (LO. 2) Corporetion purchased bonds (basis of $9o0,000) or its wholly owned subsidiary, Green Corporation, at pursuant to 5 332, Orange receives payment in the form of land worth $1,080,000, the face amount of the bonds. Green owned subsidiary, Green Corporation, at a discount. Upon liquidation Corporation had a basis of s810,000 in the land. Whet are the tax consequences of this land transfer to Green Corporation and to Orange Corporation? If an amount is zero, enter " Green Corporation recognizes a and Orange Corporation recognizes aY of on the transter of the land