Robert and Sylvia propose to have their corporation, Wolverine Universal (WU), acquire another corporation, EMU Inc., in a stock-for-stock Type B acquisition. The sole shareholder of EMU, Edie Eagle, will receive $450,000 of WU voting stock in the transaction. Edie's tax basis in her EMU stock is $102,000. (Negative amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.)

a. What amount of gain or loss does Edie recognize if the transaction is structured as a stock-for-stock Type B acquisition?