Enter problem statement, appropriate input type, and other instructions here. ABC Corporation (ABC )owns 90% of the single class of stock in Subsidiary Corporation. The other 10% is owned by Rosie , an individual. ABC's basis in its Subsidiary stock is $ 200,000 and Rosie's basis is $90,000. Subsidiary distributes property A having an adjusted basis of $150,000 and an FMV of $720,000 to ABC, and property B with a FMV of $80,000 and an adjusted basis of $60,000 to Rosie in a liquidating distribution. Subsidiary had $10 million of earnings and profits at the date of liquidation. What gain or loss must Subsidiary recognize on the liquidating distribution ? O A. $20,000 gain on Property B O B. No gain on either Property A or B O C. $20,000 gain on Property B and $570,000 gain on Property A OD. $570,000 gain on Property A