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Question 10 1 pts Dried Fruit Corp. has had a valid S Corp election in effect at all times since its incorporation. The Dried Fruit

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Question 10 1 pts Dried Fruit Corp. has had a valid S Corp election in effect at all times since its incorporation. The Dried Fruit Corp. stock is owned one-third by Raisin and two-thirds by Prune. All shareholders are US resident citizen individuals. At the beginning of the current year, Raisin's basis in his shares was $42.000 and Prune's basis in her shares was $14,000. During the current year, Dried Fruit Corp. earned $252,000 of net income from operations. Raisin's share was $84,000; Prune's share was $168,000. On December 31st, Dried Fruit Corp. distributed Grapeacre (real property) having a fair market value of $84,000, and a basis of $56,000, to Raisin and Plumacre (real property) having a fair market value of $168,000 and a basis of $154,000, to Prune. How much gain does Prune recognize as a result of this transaction? $28.000 0 $42.000 $14.000 O $0

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