I'm seeing fuel squirt so must not have spark.
The 140 should have points
Remove the distributor cap, loosen the distributor so you can see the points. Rotate the dizzy watching to see if the points open and close. If they do, turn ignition ON and rotate the dizzy again to see if each time the points open/close there is a spark between the points
If you get spark at the points, notice which plug wire the rotor is pointing to. Remove the plug and wire and place the plug grounded to the block. Install dizzy cap and have plug wire attached to the plug. Rotate the dizzy back n forth as before to see if you can see the plug spark