48 A wholly-owned subsidiary of a corporation is liquidated. The corporation has a basis of $300,000 in the stock of the subsidiary. The corporation acquires assets that have a fair market value (FMV) of $250,000 and an adjusted basis of $150,000. What is this corporation's realized and recognized gain on the liquidation? O $100,000 realized gain and $0 recognized gain O $150,000 realized gain and $0 recognized gain $100,000 realized gain and $50,000 recognized gain $50,000 realized gain and $100,000 recognized gain