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[The following information applies to the questions displayed below.] Jones Mills Incorporated (JMI) decided to liquidate its wholly owned subsidiary, Most Help, Incorporated (MH). MH had the following tax accounting balance sheet: (Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.)

FMVAdjusted Tax BasisAppreciation (Depreciation)Cash$ 233,450$ 233,450 Building54,70010,20044,500Land178,750230,000(51,250)Total$ 466,900$ 473,650$ (6,750)

b. What amount of gain or loss does JMI recognize in the complete liquidation?