Gamma Corporation has E&P of $7,000 and 1,000 shares of stock outstanding before the following transaction. Gamma redeems 120 shares of stock in a transaction that qualifies for sale treatment as a redemption. In exchange for the stock, the corporation transfers to the shareholder land with a FMV of $10,200 and a basis to the corporation of $4,000. What is the corporation's ending E&P after this redemption transaction? OA $1,428 OB. Zero OC $3,000 OD.$10,470