t no tax was paid bye 35. Martin Corporation adopts a plan of complete liquidation. Two months Martin sells its main asset, a motel it has a basis of $300,000, for $800 nrelated partnership. Martin received a $200,000 down payment and a mortgage to an u note payable in installments of month for 5 $10,000 a ears plus 6 percent interest on the remaining balance. Martin Corpo uses its existing cash to pay the tax and distributes the $200,000 cash from the sal and the note to its only shareholder, Laura who has a basis of $30,000 for her stock. If there is no recapture, what are the tax consequences to Martin Corporation and to orporation Laura