The stock of Mulberry Corporation is owned by Archana (60%) and Anar (40%), who are mother and daughter. Pursuant to a plan of complete liquidation adopted earlier in the current year, Mulberry distributes land worth $1,308,000 to Anar (basis of $209,280 in Mulberry stock). The land was purchased by Mulberry Corporation three years ago for $1,700,400, and it is distributed subject to a liability of $1,046,400. What amount of gain or loss is recognized by Mulberry Corporation and by Anar with respect to the distribution of the land?

Mulberry Corporation has a $ 392,400 nonrecognized loss on the distribution of the land. Anar recognizes a gain of $______ on the liquidating distribution, and has a basis in the land of $_____

Please solve for Anar recognized gain and the basis in the land.