Rose Corporation, a calendar$-$year corporation, had accumulated earnings and profits of $$40,000$ as of January $1,$ Year $1.$ However, for the first $6$ months of Year $1,$ Rose Corporation had an operating loss of $($$$36,000)$ and finished the year with a total net operating loss for tax Year $1$ of $($$$55,000).$ Rose Corporation distributed $$15,000$ to its shareholders on July $1,$ Year $1.$ Which of the following is true?

a$.$ The entire distribution of $$15,000$ is taxable.

b$.$ The entire distribution is not taxable.

c$.$ The part of the distribution that is taxable is $$12,500.$

d$.$ The part of the distribution that is taxable is $$14,000.$