Terre Corporation distributed depreciable personal property having a fair market value of $9,500 to its shareholders. The property had an adjusted basis of $5,000 to the corporation. Terre had correctly deducted $3,000 in depreciation on the property. What is the amount of Terres total recognized gain on the distribution and how much of this gain will be considered ordinary income?

a.	None of the above.
	b.	Total Gain Recognized: $4,500; Ordinary Income: $-0-
	c.	Total Gain Recognized: $4,500; Ordinary Income: $3,000
	d.	Total Gain Recognized: $4,500; Ordinary Income: $4,500
	e.	Total Gain Recognized: $9,500; Ordinary Income : $-0-