A ptrsp distributed a cabin cruiser from its inventory ($25,000 AB; $40,000 FMV) to Tiora in complete liquidation of her ptrsp interest ($50,000 AB). The ptrsp's inventory was not substantially appreciated and the ptrsp had no unrealized receivables. Tiora used the cabin cruiser personally for six years and then sold it for $55,000. Which of the following is true?

a) In the year of liquidation, Tiora did not recognize a loss but was entitled to a $50,000 AB in the cabin cruiser. 

b) In the year of liquidation, Tiora recognized a capital loss of $10,000. 

c) In the year of liquidation, the ptrsp recognized ordinary income of $15,000. 

d) In the year Tiora sold her cabin cruiser, she recognized a capital gain of $30,000 

e) In the year Tiora sold her cabin cruiser, she recognized ordinary income of $5,000