z corporation is owned by two siblings A (75%) and B (25%).B contributed a property with a basis of 100,000 and FMV of 120,000 to Z Corporation in a 351 exchnage in January 2015. In november 2016 Z corpoattion adopted a plan of compelte liquidation and made a pro-rata liquidating distribution of the property back to A&B. At the date of liquidation distribution the property had FMW of $80,000.What amount of gain or loss wil Z corporation recognize on this liquidating distribution?

A. 20,000 loss

B. no gain or loss

C. 20,000 gain

D. none of the above