Five shareholders each contribute $$10,000$ in exchange for a $20\%$ ir of FIU Corporation. Fifteen years later, FIU Corp. enters into a plan Under the plan, FIU Corporation distributes property with a FMV $$1$ $$50,000$ in liquidation subject to a $$100,000$ mortgage to the sharel

What are the tax consequences to FIU Corporation?

The corporation will have a $$75\mathrm{.}000$ loss

The corporation will have a $$75,00$ gain

The transaction will be treated under Section $336($a$)$ as if the property had shareholders

The amount realized by the corporation does not include the $$100,000$ mot

b and c are correct