Required information. Problem 22-72 (LO 22-5) (Algo) [The following information applies to the questions displayed below.) Carolina Corporation, an S corporation, has no corporate E&P from its years as a C corporation. At the end of the year, it distributes a small parcel of land to its sole shareholder, Shadiya. The fair market value of the parcel is $71,400, and its tax basis is $41,000. Shadiya's basis in her stock is $14,500. Assume Carolina Corporation reported $0 taxable income before considering the tax consequences of the distribution. (Leave no answer blank. Enter zero if applicable.) Problem 22-72 Part a (Algo) a. What amount of gain or loss, if any, does Carolina Corporation recognize on the distribution?