The stock of Cooper Corporation is 70% owned by Carole and 30% owned by Carole's brother, Chris. During 2018, Carole transferred property (basis of $100,000 and FMV of $80,000 ) as a contribution to the capital of Cooper. During February 2019, Cooper adopted a plan of liquidation and subsequently made a pro rata distribution of the property back to Carole and Chris. At the time of the liquidation. the property had an FMV of $80,000. What amount of loss can be recognized by Cooper on the distribution of property? A) 50 B) ($6,000) C) ($20,000) D) ($40,000)