Pursuant to a complete liquidation, Carrot Corporation distributes to its shareholders real estate held as an investment (basis of $1,357,600, fair market value of $1,764,880 ). 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 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 $1,493,360. If the real estate is subject to a liability of $1,493,360, Carrot has a recognized of $ c. Determine the gain or loss recognized by Carrot on the distribution if the real estate is subject to a liability of $1,900,640. If the liability were $1,900,640, Carrot's recognized on the distribution would be $