Martin Corporation had total current and accumulated E8P of $500,000 at December 31 of the current year. On December 31, the company made a distribution of land to its sole shareholder, Craig. The land to Mair market value was $200,000 and its tax and EQration was $50,000. The basis of the land to Craig will be: Select one: a. $150,000 b. $200,000 c. 0 - d. $50,000 e. None of these choices