Ms. Glantz owns all 100 shares of Remsen Company. These shares were all acquired on February 18, 2006. Ms. Glantzs basis in the stock is $20,000. Remsen Company adopted a plan of complete liquidation and distributed $56,000 to Ms. Glantz. Ms. Glantz received $16,000 in 2014 and $40,000 in 2015. How much gain or loss is recognized by Ms. Glantz in 2014 and 2015?
A.	No gain or loss in 2014 and $36,000 gain in 2015.
B.	$4,000 loss in 2014 and $44,000 gain in 2015.
C.	$4,000 loss in 2014 and $40,000 gain in 2015.
D.	No gain or loss in 2014 and $40,000 gain in 2015.