Dried Fruit Corp. has had a valid S Corp election in effect at all times since its incorporation. The Dried Fruit Corp. stock is owned one-third by Raisin and two-thirds by Prune. All shareholders are US resident citizen individuals. At the beginning of the current year, Raisins basis in his shares was $87,000 and Prunes basis in her shares was $29,000. During the current year, Dried Fruit Corp. earned $522,000 of net income from operations. Raisins share was $174,000; Prunes share was $348,000. On July 1st, Dried Fruit Corp. distributed $232,000 to Raisin and $464,000 to Prune. How much gain does Raisin recognize as a result of this transaction?

Group of answer choices

$29,000

$58,000

$0

$87,000