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 $78,000 and Prunes basis in her shares was $26,000. During the current year, Dried Fruit Corp. earned $468,000 of net income from operations. Raisins share was $156,000; Prunes share was $312,000. On July 1st, Dried Fruit Corp. distributed $208,000 to Raisin and $416,000 to Prune. How much gain does Raisin recognize as a result of this transaction?

Group of answer choices

$26,000

$52,000

$0

$78,000