Your client, Big Corporation, and its wholly owned subsidiary, LittleCo, file a consolidated return for Federal income tax purposes. Indicate the treatment on financial accounting income and taxable income for the following intercompany transactions by selecting "Gain/Income", "Loss/Expense", or "No effect".

If an answer is zero, enter "0".

	Transaction	Financial Accounting Treatment	Consolidated Tax Return Treatment	Tax Return - Amt. of Effect for BigCo	Tax Return - Amt. of Effect for LittleCo
a.	LittleCo pays a $1,000,000 dividend to Big.			$	$
b.	LittleCo sells investment land to Big. LittleCo's basis in the land is $200,000. The sale price is $600,000.			$	$
c.	Six months after purchasing the land from LittleCo, BigCo sells the investment land to Phillips, an unrelated party, for $750,000.			$	$