Rocky is a party to a tax$-$free asset$-$for$-$stock reorganization. As part of the transaction, Rocky exchanges $100\%$ of the hope corporation stock with a $40000$ basis anda $50000$ FMV for Moth Corp stock worth $40000$ and $10000$ cash. Hope Corp is subsequently liquidated as part of the reorg, with Moth receiving the Hope assets and liabilits. Rocky is:

a$.$ required to recognize dividend income of $10000$ if hope corp's current and accumulated E&P is at least $10000$

B$.$ able to recognize cap gain income of $10000$ wihtout regart to his post $-$ acquisition interest in moth corp

c$.$ Not required to recognize any gain or loss

d$.$ required to recognize cap gain or dividend income of $10000,$ depending on hope corp's current and accumulated E&P and rocky's post$-$acquisition interest in Moth Corp