Ramerez transfers cash of $$300,000$ and land worth $$200,000$ to Ferret Corporation for $100\%$ of the stock in Ferret. In the first year of operation, Ferret has net taxable income of $$70,000.$ If Ferret distributes $$50,000$ to Ramerez:

a$.$ Ramerez has taxable income of $$50,000.$

b$.$ Ferret Corporation has a tax deduction of $$50,000.$

c$.$ Ramerez's basis in the land is decreased by $$50,000.$

d$.$ Ramerez has no taxable income from the distribution.

e$.$ Ferret Corporation has a tax liability of $$4,200.$