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Ron, Matt, and Kelly each own stock in Yel corporation. Ron and Matt each own $300$ of the outstanding shares and Kelly owns the remaining $400$ shares. Yellow purchases $200$ of Kelly$$s shares for $$300,000.$ Kelly had a tax basis of $$225,000$ in the shares purchased by Yel. None of the shareholders are related to each other. Assuming Yellow has sufficient earnings and profits, what will Kelly have as a result of the transaction?

a$,$No income will be recognize

b$,$Capital gain of $$75,00$

c$,$Dividend income of $$300,000$

d$,$Dividend income of $$75,000$