Corporation K distributed land used in its business to its shareholders in redemption of 20% of its outstanding stock. At the time of the distribution, the land had an adjusted basis to K of $100,000 and a fair market value of $40,000. Corporation K has $900,000 of E&P. Compute the adjustment K must make to E&P. A. $0 B. $40,000 C. $100,000 D. $180,000