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25. Ridgemoor Corporation adopts a plan of liquidation on June 15 and shortly thereafter sells a parcel of land on which it realizes a $75,000 gain (excluding the effects of a $3,750 sales commission). Ridgemoor pays its legal counsel $2,500 to draft the plan of liquidation. The accountant fees for the liquidation are $1,500, which are also paid during the year. What is Ridgemoor Corporation's realized gain on the sale of land and deductible liquidation expenses? A) Liquidation Gain Expenses $71,250 $4,000 B) Gain $75,000 Liquidation Expenses $4,000 Gain $75,000 Liquidation Expenses $7,750 D) Gain $0 Liquidation Expenses $0