Required information [The following information applies to the questions displayed below.] Alabama Corporation, an S corporation, llquidates this year by distributing a parcel of land to its sole shareholder, Mark Ingram. The fair market value of the parcel is $59,350, and its tax basis is $36,600. Mark's basis in his stock is $29,950. D. How much gain must Mark recognize (if any) as a result of the distribution, and what is his basis in the land