The stock of Ajax Corp. is owned 60 percent by Brian and 40 percent by Dave, who are unrelated individuals. During 2021, Brian transferred land (basis of $300,000; FMV of $200,000) as a contribution to capital to Ajax Corp. During March 2022, Ajax adopted a plan of liquidation and subsequently made a non pro rata distribution of the land to Dave. At the time of the liquidating distribution, the land had a FMV of $180,000. What amount of loss can be recognized by Ajax Corp. on the distribution of land to Dave