Dried Fruit Corp. has had a valid 5 Corp election in effect at all times since its incorporation. The Dried Fruit Corp. stock is owned one-third by Raisin and two-thirds by Prune. All shareholders are US resident citizen individuals. At the beginning of the current year. Raisin's basis in his thares wan $84,000 and Prune's basis in her shares was $28,000. During the current year, Dried Fruit Corp. earned $504,000 of net income from operations, Raisin's share was $168,000, Prune's share was $336,000 On Deccmber 31st, Dried Fruit Corp, distributed Grapeacre (real propertyl having a fair market value of $168,000, and a basis of $112.000, to Raisin and Plumacre (real property) havving a faic markef value of $336,000 and a basis of $308.000 to Prune. How much gain does Prune recoghize as a result of this transaction? $28000 $84,000 $56.000 40 Dried Fruit Corp. has had a valid 5 Corp election in effect at all times since its incorporation. The Dried Fruit Corp. stock is owned one-third by Raisin and two-thirds by Prune. All shareholders are US resident citizen individuals. At the beginning of the current year. Raisin's basis in his thares wan $84,000 and Prune's basis in her shares was $28,000. During the current year, Dried Fruit Corp. earned $504,000 of net income from operations, Raisin's share was $168,000, Prune's share was $336,000 On Deccmber 31st, Dried Fruit Corp, distributed Grapeacre (real propertyl having a fair market value of $168,000, and a basis of $112.000, to Raisin and Plumacre (real property) havving a faic markef value of $336,000 and a basis of $308.000 to Prune. How much gain does Prune recoghize as a result of this transaction? $28000 $84,000 $56.000 40