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 a and two-thirds by Prune. All shareholders are US resident citizen individuals. At the beginning of the current year, Raisin's basis in his shares was $84,000 and Prune's basis in her shares was $28,000. During the current year, Dried Fruit Corp. earned $504,000 of net income from operations. Raisin's share was $168,000; Prune's share was $336,000. On December 31st, Dried Fruit Corp. distributed Grapeacre (real property) having a fair market value of $168,000, and a basis of $112,000, to Raisin and Plumacre (real property) having a fair market value of $336,000 and a basis of $308,000, to Prune. How much gain does Raisin recognize as a result of this transaction? $28,000 $84,000 $56,000 $0