Rogers Inc. is an S corporation and has previous C corporation earnings and profits in the amount of $63,500. At the end of Year 5, Rogers Inc. had an accumulated adjustments account (AAA) balance of $75,000. At the end of the year, Rogers made a distribution to Mary, its only shareholder. The distribution consisted of land with a fair market value (FMV) and adjusted basis of $178,000. Assume Mary's basis in the corporate stock was $88,000 after any Year 5 income items and before any distributions. What amount of the distribution is tax free to Mary as a distribution of S- Corporation earnings