Pursuant to a complete liquidation, Carrot Corporation distributes to its shareholders real estate held as an investment (basis of $1,030,000, fair market value of $1,339,000). a. Determine the gain or loss recognized by Carrot on the distribution if no liability is involved. If no liability is involved, Carrot has a recognized gain of $ on the distribution. b. Determine the gain or loss recognized by Carrot on the distribution if the real estate is subject to a liability of $1,133,000. If the real estate is subject to a liability of $1,133,000, Carrot has a recognized gain of s c. Determine the gain or loss recognized by Carrot on the distribution if the real estate is subject to a liability of $1,442,000. If the liability were $1,442,000, Carrot's recognized gain on the distribution would be: