QUESTION 14 Ayanna Corporation is owned eighty percent (80%) by Kendra and twenty percent (20%) by Barbara who are unrelated to each other Pursuant to a Complete Liquidation, Ayanna Corporation distributed Land that had a Falir Market Value on the date of distribution of $100.000 and a basis to Ayanna Corporation of $200,000. The Land was acquired by Ayanna Corporation in a Section 351 transfer two (2) years ago from Barbara when its Fair Market Value was $150,000. (Assume that there was no business purpose for the transfer). What is the Recognized Loss for Ayanna Corporation if the Land is distributed proportionately (pro-rata) to Kendra and Barbara (ie eighty percent (80%) to Kendra and twenty percent (205) to Barbara? OS 550 000 $20,000 $10.000