A corporation sells property (basis of S175,000) to its sole shareholder for $125,000, the fair market value of the property. With respect to the sale, The shareholder has a basis of $175,000 in the property. The corporation has a tax loss of $50,000. The corporation does not recognize a tax loss but reduces its E & P account $50,000 The shareholder has a constructive dividend of S50,000. None of the above