34. Green Corporation makes its first purchase of 30% of Nick Corporation stock on July 31 of this year. Green Corporation uses a calendar tax year. To use the Sec. 338 election, Green Corporation must purchase

A) an additional 50% of Nick Corporation stock by July 30 of next year.

B) an additional 50% of Nick Corporation stock by December 31 of this year.

C) an additional 51% of Nick Corporation stock by December 31 of this year.

D) an additional 51% of Nick Corporation stock by July 30 of next year.