Alomar, a Cash Basis S Corporation in Orlando, Florida, Holds

Alomar, a cash basis S corporation in Orlando, Florida, holds the following assets and liabilities on January 1, 2014, the date the S election is made.
$\begin{array}{cc}\text { Adjusted Basis } & \text { Fair Market Value } \\\$ 200,000 & \$ 200,000 \\-0- & 105,000 \\110,000 & 100,000 \\1,800,000 & 2,500,000 \\-0- & 110,000\end{array}$
$\begin{array}{cc}\text { Adjusted Basis } & \text { Fair Market Value } \\\$ 200,000 & \$ 200,000 \\-0- & 105,000 \\110,000 & 100,000 \\1,800,000 & 2,500,000 \\-0- & 110,000\end{array}$
Cash
Accounts receivable Equipment
Land
Accounts payable
During 2014, Alomar collects the accounts receivable and pays the accounts payable. The land is sold for $3 million, and the taxable income for the year is $590,000. Calculate any built-in gains tax.