Dried Fruit Corp. has had a valid S 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 shares was $33,000 and Prune's basis in her shares was $11,000. During the current year, Dried Fruit Corp. earned $198.000 of net income from operations. Raisin's share was $66,000; Prune's share was $132,000. On December 31st, Dried Fruit Corp. distributed Grapeacre (real property) having a fair market value of $66.000, and a basis of $44,000 to Raisin and Plumacre (real property) having a fair market value of $132,000 and a basis of $121,000, to Prune. How much gain does Raisin recognize as a result of this transaction? O $11,000 $0 O $22.000 $33,000 On tanuary 1. Year 1, X, an individual, paid 515,400 tot 5 percent of the stock in Z Corp. an corporation, in November, he loaned $8,700 to 2 Corp. In return for a promissory note. Z Corp. Konverted a 5992.000 operating loss in Year. How much of his share of the loss can X deduct on his Year 1 retum