Required information [The following information applies to the questions displayed below] Carolina Corporation, an S corporation, has no corporate Earnings and profit 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 $70,000, and its tax basis is $40,000. Shadiya's basis in her stock is $14,000. Assume Carolina Corporation, reported $0 taxable income before considering the tax consequences of the distribution. Note: Leave no answer blank. Enter zero if applicable. How much gain must Shadlya recognize (if any) as a result of the distribution, what is her basis in her Carolina Corporation stock ter the distribution, and what is her basis in the land