Tiger Corporation distributes equipment $($basis of $$90,000$ and fair market value of $$110,000)$ as a property dividend to its shareholders. The equipment is subject to a liability of $$120,000.$ Tiger Corporation recognizes gain of:a$.$ $$30,000.$b$.$ $$200,000.$c$.$ $$0.$d$.$ $$120,000.$e$.$ $$40,000.$