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?

$100,000 realized gain and $0 recognized gain

$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 gan