Brett owns all of the stock in Oriole Corporation (adjusted basis of $100,000) as an investment. Oriole distributes property (fair market value of $375,000; adjusted basis of $187,500) to him during the year. Oriole has current E & P of $25,000 for the year (before taking the property distribution into account) and accumulated E & P of $100,000 as of the beginning of the year, and it makes no other distributions during the year. What is Bretts capital gain on the distribution?

a. $0

b. $75,000

c. $150,000

d. $87,500

e. None of the above