Charla Corporation is owned eighty percent (80%) by Jeanette and twenty percent (20%) by Victoria who are unrelated to each other. At the time of a Complete Liquidation, Charla Corporation owned Land that had a Fair Market Value of $100,000 and a basis to Charla Corporation of $400,000. The Land was acquired by Charla Corporation in a Section 351 Transfer two (2) years ago from Victoria when its Fair Market Value was $200.000. (Assume that there was no pusiness purpose for the transfer). Pursuant to the Complete Liquidation, the Land is sold to an unrelated third party for $100,000 and the $100,000 proceeds of the sale are distributed proportionately (pro-rata) to Jeanette and Victoria (ie. eighty percent (80%) to Jeanette and twenty percent (20%) to Victoria). The Recognized Loss to Charla Corporation is: O $100.000. $300.000. O $200.000. O $ 0