33. Ally owns 25% of Raisman Corporation's single class of stock. Ally's basis in the stock is $12,000. Raisman's E&P is $32,000. If Raisman redeems all of Ally's stock for $28,000, Ally must report dividend income of

A) $40,000.

B) $30,000.

C) $20,000.

D) $0.