The stock in Creel Corporation is held by Alex (60%) and Gavin (40%). One year before the liquidation of Creel, the shareholders transfer properties to the corporation in a transaction that qualifies under 351. Included in that transfer was land ($450,000FMV; $400,000A/B). Pursuant to its liquidation in the current year, Creel distributes the land (current FMV $300,000) pro rata to Alex and Gavin. What amount of loss will Creel recognize on the distribution