ABC Corporation (ABC owna 90% of the single class of stock in Subsidiary Corporation The other 10% is owned by Rose, an individual. ABC's basis in its subsidiary stock is $ 200,000 and Rosie's basis is $90.000. Subsidiary distributes property A having an adjusted basis of $150,000 and an FMV of 5720,000 to ABC. and property with a FMV of $80,000 and an adjusted basis of $60,000 to Rosie in a liquidating distribution. Subsidiary had $10 milion of earnings and profits at the date of liquidation What gain or loss must Subsidiary recognize on the liquidating distribution? OA $20,000 gain on Property B OB. No gain on either Property A or B OC. $20,000 gain on Property B and $570,000 gain on Property A OD 6570,000 gain on Property