[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, Shadlya. The fair market value of the parcel is $72,800, and its tax basis is $42,000. Shadlya's basis in her stock is $15,000. Assume Carolina Corporation reported $0 taxable income before considering the tax consequences of the distribution. Note: Leave no answer blank. Enter zero if applicable. Problem 22-72 Part a (Algo) a. What amount of gain or loss, if any, does Carolina Corporation recognize on the distribution