At the end of the tax year, Carma Corporation, always an S corporation, made a liquidating distribution of long-term capital gain property to Amy, a 35% shareholder in Carma. The property has a fair market value of $45,000 and Carmas basis in the property is $25,000. Amys basis in Carma is $6,000 before the distribution. What is Carmas total gain or loss, and Amys basis after the liquidating distribution?

	a.	Carmas gain is $20,000; Amys basis is $19,000
	b.	Carmas gain is $0; Amys basis if $39,000
	c.	Carmas gain is $20,000; Amys basis is $39,000
	d.	Carmas gain is $20,000; Amys basis is $0