21. Jim owns 60% of the outstanding stock of J&B Corporation, an corporation. At year-end, the corporation distributes land with a fair market value of $100.000 (adjusted basis of $60,000). plus a building with a fair market value of $50.000 (adjusted basis of $75.000) to Jim. How much gain or loss) does the corporation recognize on the property distribution? a) $40,000 b) (25.000) C) 565,000 d) $15,000 e) S-O