Belle Corporation owns as an investment $10\%$ of the stock of Ton Corporation, with an adjusted basis of $$4,000$ and a fair market value of $$44,000.$ Belle uses the Ton stock to redeem approximately $1\%,$ or $$10,000$ par value, of its own outstanding stock from unrelated, noncorporate shareholders. As a result of this transaction, Belle must report a gain of

$$ A$.$$$44,000$

$$ B$.$$$40,000$

$$ C$.$$$2,000$

$$ D$.$$$0$