Corp has accumulated e&p of $($$$20000)$ deficit and current e&p totaling $$50000$ as of december $31.$ On dec $31,$ corp distributes ladn to its sole shareholder, annie, an individual. The land has a fmv of $$80000$ and an adjusted basis of $$60000.$ Annie assumes a $$15000$ liability associated with the land. The transaction will have the following tax consequences. Choose the correct answer below:

a$.$ Corp will recognize a $$20000$ gain, annie will recognize dividend income of $$80000$

b$.$ Corp will recognize a $$20000$ gain, annie will recognize dividend income of $$65000$

c$.$ Corp will have accumulated e&p on the first day of the following year of $($$$20000)$

d$.$ Corp will recognize no gain, annie will recognize dividend income of $$80000$

e$.$ Corp will recognize no gain, annie will recognize dividend income of $$65000$