Corporation distributes property with a basis of $40,000, FMV of $50,000 and subject to a liability of $55,000 to its shareholders. Assuming no other limiting information, Corporation recognizes gain/(loss) of: O$15,000. O $55,000. O $0. $10,000. No response is correct. O($5.000). Question 6 3.3 pts On January 1, a corporation has accumulated E & P of $300,000. During the year, they incur a net loss of $420,000 from operations that accrues ratably throughout the year. On July 1, the corporation distributes $180,000 to its sole shareholder with a stock basis of $112.500. How much of the $180.000 is a dividend? $112.500 $0 O No response is correct $90.000 $240.000 $180.000