The stock of Quail Corporation is held as follows: 90% by Pheasant Corporation and 10% by Gisela, an individual. Quail Corporation is liquidated in December of the current year pursuant to a plan adopted earlier in the year. At the time of its liquidation, Quail Corporation has assets with a basis of $1,337,600 and fair market value of $1,872,640. Quail Corporation distributes the property pro rata to Pheasant Corporation and to Gisela. If an amount is zero or there is no gain or loss, enter " 0 ". If required, round your answers to the nearest dollar. a. What is Quail's recognized gain or loss on the distribution of property to Pheasant? Because the liquidation of Quail is a liquidation, Quail recognizes of q on liquidating distributions to Pheasant. b. What is Quail's recognized gain or loss on the distribution of property to Gisela? Because Gisela is Quail recognizes of $ on the distribution of property to Gisela