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, Raisins basis in his shares was $78,000 and Prunes basis in her shares was $26,000. During the current year, Dried Fruit Corp. earned $468,000 of net income from operations. Raisins share was $156,000; Prunes share was $312,000. On December 31st, Dried Fruit Corp. distributed Grapeacre (real property) having a fair market value of $156,000, and a basis of $104,000, to Raisin and Plumacre (real property) having a fair market value of $312,000 and a basis of $286,000, to Prune. How much gain does Prune recognize as a result of this transaction?

Group of answer choices

$0

$52,000

$78,000

$26,000