Link, Inc. liquidated and distributed its only asset with a basis of $100,000 and a value of $250,000 to its only shareholder, Lincoln Adams, who has a basis of $50,000 for his stock. The tax consequences, in part, are as follows, if both parties are in the 30 percent tax bracket:

a. Basis of property to shareholder: $200,000; combined tax liability: $105,000

b. Basis of property to shareholder: $250,000; combined tax liability: $91,500

c. Basis of property to shareholder: $150,000; combined tax liability: $90,000

d. Basis of property to shareholder: $200,000; combined tax liability: $120,000