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, Raisin's basis in his shares was $51,000 and Prune's basis in her shares was $17,000. During the current year, Dried Fruit Corp. earned $306,000 of net income from operations. Raisin's share was $102,000; Prune's share was $204,000. On December 31st, Dried Fruit Corp. distributed Grapeacre (real property) having a fair market value of $102,000, and a basis of $68,000, to Raisin and Plumacre (real property) having a fair market value of $204,000 and a basis of $187,000, to Prune. How much gain does Raisin recognize as a result of this transaction? \begin{tabular}{l} $17,000 \\ \hline$0 \\ \hline$34,000 \\ \hline$51,000 \end{tabular}